DHM Properties Sells 64 Unit Multifamily Property In Fayetteville For $7.9 Million

The property asset involved in this transaction is a multifamily building located at 510 Warren Street in Fayetteville. The property consists of 64 units and encompasses a total square footage of 80,000. The sale price for this asset was $7,900,000, which translates to a price per unit of $123,437 and a price per square foot of $98.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,900,000
• Units: 64
• Square Footage: 80,000
• Price Per Unit: $123,437
• Price Per Square Foot: $98
• Seller: DHM Properties
• Brokers: Michael Hunter Coghill & Chad Sinsheimer - Adirondack Capital Partners
• Date of Sale: 10/29/2024

Michael Hunter Coghill and Chad Sinsheimer represented the seller, DHM Properties, in this transaction. Their involvement as brokers facilitated the deal in the Fayetteville market.