We are pleased to announce the purchase of a 2,200 SF office condo to owner-occupy. Located at 1650 Elm Street, where Manchester’s North End meets Downtown, this space will elevate our presence in the City and enable us to better serve our nearby properties. The new space can accommodate at least 12 employees and we …
In just 8 days, Nick Gray has successfully placed 91 West Street under contract at $31K over asking price. At ~$138K/unit, this transaction is the priciest sale EVER on a per unit basis amongst the commercial grade multi-families on Manchester’s West Side. The Manchester multi-family market is on fire and now is the time to …
We’re excited to announce that we have completed a cash-out refinance and new capital raise at Bayberry Green Apartments in Epping. After purchasing and renovating this 8-unit set of townhouses in late 2020 at a total project cost of $1.0M, the Property now appraises at $1.4M and produces ~$180K/year of gross income. The refinance’s cash-out …
As listing broker, Nick Gray has placed 784 Chestnut Street in Manchester under contract. In just one weekend, Nick conducted 20 showings and secured a signed purchase contract for this North End 3-unit multi-family at $60K over asking price. This property boasts significant value-add potential and a cosmetic renovation could push annual gross income from …
Serving as the buyer’s broker, Nick Gray has placed this 8-unit multi-family in Berlin under contract for his investor client. Nick assisted his client in underwriting the property’s performance and in negotiating key seller concessions during the early phases during the inspection contingency period. This property currently produces over $60K/year in gross income and has …
Gray Brokers 8-Unit Multi-Family Acquisition in Berlin Read More »
Gray Property Group has completed its renovation and re-tenanting of 8 townhouses at Bayberry Green Apartments in Epping. These 2-bed, 1-bath, 980 SF units received stainless steel appliances, white kitchen cabinets, a combination of laminate and vinyl plank flooring, in-unit washer/dryer sets, and walk-in bedroom closets. White vinyl privacy fencing will be erected on the …
Gray Completes Bayberry Green Apartments Renovation Read More »
In September 2020, Gray Property Group added another property to its portfolio, this time an 8-unit set of townhouses at 9 Bayberry Lane in Epping. The Property, purchased for $850K ($106K/unit), is comprised of eight 950 SF, 2-bedroom, 1-bathroom double-decker townhouses that currently rent for an average of $1,450/month. At the time of acquisition, annual …
Gray Closes on Epping 8-Unit Townhouse Development Read More »
Gray Property Group is pleased to announce that it has completed the renovation of 6 Old Chester Road in Derry, now known as Liberty Manor Apartments. The Property, purchased in August 2019 for $520K, was fully renovated in stages over six months at a cost of $300K. The building’s annual rents were nearly doubled from …
Gray Completes Liberty Manor Apartments Renovation Read More »
Gray Property Group is pleased to announce that it has completed the renovation of 6 Old Chester Road in Derry, now known as Liberty Manor Apartments. The Property, purchased in August 2019 for $520K, was fully renovated in stages over six months at a cost of $300K. The building’s annual rents were nearly doubled from …
Gray Completes Liberty Manor Apartments Renovation Read More »
Gray Property Group is pleased to announce that it has completed due diligence and secured financing for its latest acquisition, a 12-unit apartment building at 6 Old Chester Road in Derry. The Property, under contract at $520K ($43K/unit), represents a huge value-add opportunity. Despite full occupancy and sound structural integrity, the building is in …
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1650 Elm Street, Suite 401
Manchester, NH 03101
