facebook

traded

+ Submit
Home

/

Deals

/

New Hampshire

/

Multifamily

/

Sale

/

111 Regent Drive

William Peck Of Horvath & Tremblay Brokers $25.2M Sale Of Multifamily Communities In NH
SOLDMultiFamily

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:

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.

Players

William Peck

Horvath & Tremblay

Broker

$71.2M

vol

14 deals

Broker

Dover MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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