December 15, 2023 – William Peck and Stephen Girolamo of Horvath & Tremblay have arranged the sale of the Manchester Rooming House Portfolio in Manchester, New Hampshire. Peck & Girolamo represented the seller and procured the buyer to complete the transaction at a sale price of $5,300,000.
The Manchester Rooming House Portfolio is comprised of four (4) multi-family properties located at 452 Pine Street, 25 High Street, 39 Walnut Street and 92 Walnut Street in Manchester, New Hampshire. The Portfolio contains four (4) residential apartments and ninety-eight (98) individual rooms. The four properties are all within 0.2-miles of each other and are centrally located in the heart of Manchester. Centered around the intersection of Bridge Street and Beech Street (MA Route 28), the Properties are seconds from Pulaski Park and less than 1-mile from the SNHU Arena, Gill Stadium, Sheehan-Basquil Park, and are within walking distance of many of the retail amenities in Downtown Manchester. The Manchester Rooming House Portfolio is situated in an urban location in Manchester less than ½ mile from State Highway 3, which connects to Interstates 93 and 293. The area offers countless amenities, with ample dining, retail, and nightlife options.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.