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54 Mechanic Street, Manches...

Horvath & Tremblay Represents $5.6M Multifamily Sale In Manchester, NH
SOLDMultiFamily

Horvath & Tremblay Represents $5.6M Multifamily Sale In Manchester, NH

54 Mechanic Street, Manchester, New Hampshire 03101, United States

$5,600,000

Building Size

Asset Type

MultiFamily

Closing

Sep 1, 2022

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.

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

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93