Nashua, NH Prolman Realty, Inc. completes the sale of 2 E. Otterson St. to 2 East Otterson
Street, LLC. The seller, SAS Realty Limited Partnership was represented by Chris Healey, CBRE New England. The buyer was represented by Prolman Realty, according to Mark Prolman. The 3,150 s/f retail building is situated on .25 acre and sold for $400,000.
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.