Updated Dec 21, 2023
Horvath & Tremblay Represents $5.6M Multifamily Sale In Manchester, NH
54 Mechanic Street, Manchester, New Hampshire 03101, United States
$5,600,000
Units
31
Asset Type
MultiFamily
Closing
Sep 1, 2022
About this deal
AI
The multifamily property located at 54 & 96 Mechanic Street in Manchester, NH has been sold for a price of $5,600,000. The sale was facilitated by William Peck of Horvath & Tremblay. This property consists of 31 units, resulting in a price per unit of $180,645.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,600,000
- Units: 31
- Price per Unit: $180,645
- Broker: William Peck - Horvath & Tremblay
William Peck from Horvath & Tremblay was the broker responsible for this transaction. The property, located in Manchester, NH, presented a great investment opportunity in the multifamily market.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93