Updated Dec 21, 2023
Horvath & Tremblay Represents Sale Of Multifamily Property In Manchester, NH For $2,452,000
144 Lake Avenue, Manchester, NH, USA
$2,452,000
$142/SF
Building Size
17,244 SF
Asset Type
MultiFamily
Closing
Apr 1, 2021
About this deal
AI
A multifamily property located at 144 Lake Avenue in Manchester, NH has been sold for a price of $2,452,000. The property consists of 21 units, resulting in a price per unit (PPU) of $116,762. The transaction took place on April 2, 2021, with a cap rate of 5.7%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,452,000
- Units: 21
- Price per Unit (PPU): $116,762
- Cap Rate: 5.7%
Will Peck from Horvath & Tremblay served as the broker in this transaction.
Manchester 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93