Hooksett, NH Michael Reed, president of Stebbins Commercial Properties, Inc. and Suzanne Damon of Remax Insight have brokered the sale of 125 Londonderry Turnpike from Nemo Development in Hooksett, to Association of Bosniaks of N.H.
According to the Registry of Deeds the sale price was $468,000. Association of Bosniaks plan to use the property as a community center and education for their children to help them assimilate into Amercian culture.
Reed represented Nemo Development, the seller. Damon represented the buyer in this transaction.
Stebbins Commercial Properties is adept at understanding and identifying buyer/tenant client needs in the New Hampshire and Massachusetts marketplace.
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.