CBRE Acquires Multifamily Property On Marthas Way In Dover, NH For $29.13M
SOLD
New Hampshire
See Similar DealsMultiFamily
Sold 09/30/2022
SOLD
CBRE Acquires Multifamily Property On Marthas Way In Dover, NH For $29.13M
510 Marthas Way, Dover, New Hampshire 03820, United States
See Similar DealsMultiFamily
Sold 09/30/2022
Summary
NEW HAMPSHIRE
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 510 Marthas Way in Dover, NH has been sold. The transaction took place on 09/30/2022, with a sale price of $29,130,000. The property consists of 192 units, making the price per unit $151,719. The property is situated in the Dover market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,130,000
- Units: 192
- Price per Unit: $151,719
- Date: 09/30/2022
- Address: 510 Marthas Way, Dover, NH
- Market: Dover, NH
CBRE brokers Simon Butler, Biria St. John, and John McLaughlin facilitated the sale of the property. They were involved in representing the parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,553,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,492.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,091.06
Annual Debt Service$1,657,092.74
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