Derry, NH Tinkham Realty, Inc. completed the sale of a 1,864 s/f restaurant location and 2,880 s/f 4-unit apartment building at 91-93 West Broadway to 91-93 WB Derry Realty Management LLC. The property contains .39 acre with 20 parking spaces and is located near Exit 4, I-93.
Jerry Hersch of the commercial division of Tinkham Realty, Inc. represented the sellers, Douglas and Rosalind Hartley.
The sale price according to the Rockingham Registry of Deeds was $625,000.
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.