GREA Mid-Atlantic Brokers Ken Wellar & Douglas Sitt Facilitate $10.9M Sale Of Student Housing In Troy, NY
1605 Highland Avenue, Troy, New York 12180, United States
$10,926,000
Building Size
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Asset Type
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Closing
Dec 19, 2022
AI
A student housing property located at 1605 Highland Avenue in Troy, NY has been sold for a total price of $10,926,000. The property consists of 285 beds, with a price per bed (PPB) of $38,337. The transaction was completed on December 19, 2022.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $10,926,000
- Address: 1605 Highland Avenue, Troy, NY
- Beds: 285
- PPB: $38,337
The sale of the student housing property was facilitated by brokers Ken Wellar and Douglas Sitt from GREA Mid-Atlantic.
Players
Troy CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.45%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93