Multi-Million Dollar Multifamily Investment Sale in Newmarket, NH

Kendra Hardesty  /   July 9, 2024

Multi-Million Dollar Multifamily Investment Sale in Newmarket, NH

Newmarket, New Hampshire – July 9, 2024: The Boulos Company’s Christian Stallkamp and Katherine Gemmecke brokered a 43-unit portfolio sale of properties to multiple buyers on behalf of Condor Capital, LLC for a total of $8.5 million. Located in the heart of Newmarket, all units at each property were fully leased at the time of sale.

St. Kyrillos, LLC purchased 100 and 100.5 Main Street for $4.6 million. The three-building, multifamily parcel includes the Historic Willey House, built c. 1822. The Willey House served as a hotel for more than 120 years and has since been renovated into one-bedroom, two-bedroom, and studio apartments.

St. Kyrillos also purchased 4 Chapel Street for $1.2 million. The 3,656± SF building has six units. The buyer was represented by Darlene Colwell-Ellis and Shaylyn Dean of Keller Williams Coastal Realty.

Nineteen Exeter Road Realty Trust purchased 19 Exeter Road for $859,000. The 4,182± SF building has five, recently renovated rental units. Tom Bonenfant of The Bean Group of Portsmouth represented the buyer. 84-86 Main Street, LLC purchased 86 Main Street for $1.85 million. The 5,951± SF-property consists of six, recently renovated residential units and one commercial tenant.