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Christine Mayer Acquires Main Street Durham Multifamily For $5.15M

Property Image
SOLD
$5,150,000

New Hampshire

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MultiFamily14,700 SF
Sold 07/08/2020
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Property Image
SOLD

Christine Mayer Acquires Main Street Durham Multifamily For $5.15M

4 Main St, Durham, NH 03824, USA

See Similar Deals
MultiFamily14,700 SF
Sold 07/08/2020
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Summary

NEW HAMPSHIRE
Asset Type:MultiFamily
Price Per Square Foot:$350
Total Square Footage:14,700 SF
Transaction Type:Sale

The multifamily property located at 4-6 Main Street Durham in Durham, NH has been sold. The property consists of 21 units with a total of 56 bedrooms. The asking price for the property was $5,500,000, and it was ultimately sold for $5,150,000. The sale price equates to a price per unit of $245,238. The property boasts a capitalization rate (CAP) of 8%.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,150,000
  • Address: 4-6 Main Street Durham, Durham, NH
  • Market: Durham, NH
  • Sales Broker: Nikolas Amicone
  • Listing Broker: Todd Koss
  • Buyer: Christine Mayer
  • Seller: Paul Coleman
  • Beds: 56
  • Units: 21
  • Price Per Unit: $245,238
  • CAP: 8%

The buyer, Christine Mayer, acquired the property from the seller, Paul Coleman. The transaction was facilitated by the sales broker, Nikolas Amicone, and the listing broker, Todd Koss.

Players

10 deals$16.3M volume(978) 998-2867
BROKER

Details

SOLD
IMAGE: ⁠ IMAGE: Nikolas Amicone @NikolasAmicone⁠DATE: 07/08/2020⁠ADDRESS: 4-6 Main Street Durham⁠MARKET: Durham, NH⁠ASSET TYPE: Multifamily⁠⁠SALES BROKER: Nikolas Amicone⁠LISTING BROKER: Todd Koss⁠BUYER: Christine Mayer⁠SELLER: Paul Coleman⁠ASKING PRICE: $5,500,000⁠SALE PRICE: $5,150,000⁠BEDS: 56⁠UNITS: 21 / PPU: $245,238⁠CAP: 8% […]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$18,296.86
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