Updated Sep 11, 2026
Moshe Bloorian's GreyHill Group Acquires Industrial Property In Falconer For $7.35M
2632 South Work Street
$7,350,000
$18/SF
Building Size
401,000 SF
Asset Type
Industrial
Closing
Dec 22, 2022
About this deal
AI
The industrial property located at 2632 South Work Street in Falconer, New York has been sold. The property spans a total of 401,000 square feet and was sold for a price of $7,350,000. This translates to a price per square foot of $18.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $7,350,000
- Square Footage: 401,000
- Price per Square Foot: $18
- Buyer: Moshe Bloorian - GreyHill Group
- Seller: Gary Lynn
Moshe Bloorian, representing GreyHill Group, acquired the property from Gary Lynn. The transaction was completed on the date of 12/22/2022.
On the Map
$7,350,000
$18/SF
Industrial
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Falconer, New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93