
Nashua, NH Prolman Realty, Inc. has completed the sale of 381 Main St. According to Lisa Ferrari, who represented the seller of Unit 1, RNC Realty, LLC and the seller of Unit 2, Accent on You Hair Salon, Inc., the two units were purchased by FMP Realty, LLC.
Unit 1 consists of 1,944 s/f of office space and will remain occupied by Century 21. Unit 2 consists of 2,852 s/f of salon and spa space and will remain a salon, occupied by Green Envy.
According the the Hillsborough County Registry of Deeds, the selling price for Unit 1 was $187,500 and Unit 2 was $405,000.
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.
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.