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News: Front Section
Posted: June 23, 2017
Braun of United Multi Family brokers sale of 67-unit portfolio for $5.35 million
Durham, NH United Multi Family brokered the sale of a 67-unit student housing portfolio totaling 131 beds located at 10-14 Stratford St. for $5.35 million ($79,851 per unit). The sale was handled by Jason Braun of United Multi Family.
The property is located a few blocks from the University of New Hampshire campus and downtown.
The brick residences were sold by a Student Housing Group to a Boston area investor.
Financing was provided by Belmont Savings Banks.
Utilizing the 1031 tax deferred exchange the buyers were able to defer paying capital gains taxes on their recent sale of a multi-family.
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