Manchester, NH Tinkham Realty, Inc. completed the sale of 55 Bridge St. to Rivierview LLC, of Windham.
The property consists of a 10,800 s/f three-story building on .11 acre and will be the future home of Cabonnay Urban Wine House with modern décor, spacious dining, a rooftop garden, affordable wines, and chef-prepared farm to table cuisine.
Jerry Hersch of the commercial division of Tinkham Realty, Inc. represented the buyer Rivierview, LLC of Windham, and Mark Lacombe represented the seller, The Milnes Family, LLC of Manchester.
The selling price according to the Hillsborough Registry of Deeds was $469,000.
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.