facebook

traded

+ Submit
Home

/

Deals

/

Kansas

/

Multifamily

/

Sale

/

901 New Hampshire Street, L...

First Management Inc Sells Multifamily Property In Lawrence, KS For $11.5M With Reps Jeff Lamott & Gabe Tovar - Northmarq
SOLDMultiFamily

First Management Inc Sells Multifamily Property In Lawrence, KS For $11.5M With Reps Jeff Lamott & Gabe Tovar - Northmarq

901 New Hampshire Street, Lawrence, Kansas 66044, United States

$11,500,000

Building Size

Asset Type

MultiFamily

Closing

Oct 4, 2022

AI

The multifamily property located at 901 New Hampshire St in Lawrence, KS has been sold for a total price of $11,500,000. The property consists of 55 units, resulting in a per unit price of approximately $209,091. The seller in this transaction was First Management Inc.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $11,500,000
  • Address: 901 New Hampshire St, Lawrence, KS
  • Market: Lawrence, KS
  • Units: 55
  • Price per Unit (PPU): $209,091

The deal was facilitated by brokers Jeff Lamott and Gabe Tovar from Northmarq. They represented the seller, First Management Inc, in this transaction.

Players

Jeff Lamott

NorthMarq

Broker

$45.3M

vol

3 deals

Broker

Lawrence MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93