Manchester, NH Cassandra Farley of SVN Masiello Commercial represented the buyer in the sale of 380-390 Harvey Rd.
The property is a 9,600 s/f office building separated into four condo units.
According to the Registry of Deeds, the buyer Negotium Locus, LLC purchased the property for $875,000 on June 17th, 2024 as an owner/user.
The seller, BKMR LLC, was represented by Roger Dieker of The Boulos Company.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.