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452 Pine Street

Horvath & Tremblay Brokers William Peck & Steve Girolamo Seal $5.3M Multifamily Sale In Manchester, NH
SOLDMultiFamily

Horvath & Tremblay Brokers William Peck & Steve Girolamo Seal $5.3M Multifamily Sale In Manchester, NH

452 Pine Street, 25 High Street, 39 Walnut Street & 92 Walnut Street

$5,300,000

$43/SF

Building Size

121,992 SF

Asset Type

MultiFamily

Closing

Dec 15, 2023

AI

The multifamily property located at 452 Pine Street, 25 High Street, 39 Walnut Street, and 92 Walnut Street in Manchester, NH has been sold. This transaction was facilitated by brokers William Peck and Steve Girolamo from Horvath & Tremblay. The sale price for the property was $5,300,000. The property consists of 102 units, with an average price per unit of $51,961. The total square footage of the property is 30,498, resulting in a price per square foot of $174.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,300,000
  • Units: 102
  • Price per Unit: $51,961
  • Total Square Footage: 30,498
  • Price per Square Foot: $174
  • Brokers: William Peck & Steve Girolamo - Horvath & Tremblay

The involvement of brokers William Peck and Steve Girolamo from Horvath & Tremblay played a significant role in facilitating the transaction. Their expertise and experience in the real estate market contributed to the successful sale of the multifamily property.

Players

William Peck

Horvath & Tremblay

Broker

$71.2M

vol

14 deals

Broker

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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93