William Peck Of Horvath & Tremblay Brokers $25.2M Sale Of Multifamily Communities In NH
111 Regent Drive & 17 Norway Plains Road
$25,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 29, 2024
AI
The transaction involved the sale of two multifamily communities located at 111-408 Regent Drive and 17 Norway Plains Road, situated in Dover and Rochester, NH. The total sale price was $25,200,000 and encompassed 116 units with a price per unit of $217,241. The properties cover a combined area of over 19 acres and provide access to essential commercial and healthcare facilities.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $25,200,000
- Units: 116
- Price per Unit: $217,241
- Broker: William Peck - Horvath & Tremblay
William Peck represented the seller in the deal, facilitating the sale of Cedar Cove, which consisted of 62 units, and Norway Plains, comprising 54 units. The transaction showcases strategic brokerage efforts in the multifamily asset market within the Dover and Rochester regions.
Dover MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93