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
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