Carlson of New England Realty Advisors LLC brokers $14.2 million sale of Station House Apartments in Newmarket, NH

Newmarket, NH New England Realty Advisors LLC has completed the sale of 3 Railroad St., a mixed-use asset known as Station House Apartments, for $14.2 million. The transaction represents a significant benchmark for the Seacoast real estate market, achieving a 6.37% cap rate for a newly constructed building. This equates to an impressive sale price of $338,095 per unit, one of the highest price per unit sales in the seacoast region.

Station House Apartments is a brand-new, three-story building located in downtown. The property features 42 units in total, comprised of 41 one-bedroom apartments and one prime street-level commercial space. Designed for modern elegance and convenience, the residential units offer luxury finishes, stainless steel appliances, and quartz countertops, catering to the high demand for boutique living in one of New Hampshire’s most vibrant walk-up downtowns.

Brad Carlson, founder and CEO of New England Realty Advisors, represented the seller and procured the buyer in the transaction.

“This sale at a 6.37% cap rate demonstrates the continued strength and resilience of the New Hampshire multifamily market, particularly for high-quality, new construction assets,” said Carlson. 

The sale of 3 Railroad St. is the latest in a series of closings for New England Realty Advisors. The firm has established itself as a leader in cross-border transactions, frequently assisting Massachusetts-based investors in transitioning capital into the Granite State through strategic 1031 exchanges and off-market opportunities.

New England Realty Advisors LLC is a premier commercial real estate brokerage firm specializing in the sale of multi-family and commercial assets throughout Massachusetts, New Hampshire, and Maine. Led by Carlson, the firm provides strategic advisory services for investors looking to scale, transition, or optimize their real estate portfolios.