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510 Marthas Way, Dover, New...

CBRE Acquires Multifamily Property On Marthas Way In Dover, NH For $29.13M
SOLDMultiFamily

CBRE Acquires Multifamily Property On Marthas Way In Dover, NH For $29.13M

510 Marthas Way, Dover, New Hampshire 03820, United States

$29,130,000

Building Size

Asset Type

MultiFamily

Closing

Sep 29, 2022

AI

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.

Players

Simon Butler

CBRE

Broker

$2.5B

vol

33 deals

Broker

Dover 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

0.54%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93