THG Properties Acquires MultiFamily Property In Dover For $21.3M

The multi-family asset located at 369 Washington Avenue in Dover has been sold for $21,300,000. The property comprises 124 units within a total square footage of 128,844. The price per unit stands at $171,774, while the price per square foot is $165.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $21,300,000
• Buyer: THG Properties
• Seller: Psomas Property Management - Nick and John Psomas
• Brokers: Eli Ben-Meir & Zachary Meyer - Rosewood Realty Group
• Units: 124
• Square Feet: 128,844
• Price Per Unit: $171,774
• Price Per Square Foot: $165

Rosewood Realty Group represented both the buyer, THG Properties, and the seller, Psomas Property Management, in this transaction. For further inquiries, Eli Ben-Meir can be contacted at [email protected] and Zachary Meyer at [email protected].