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2632 South Work Street

Moshe Bloorian's GreyHill Group Acquires Industrial Property In Falconer For $7.35M
SOLDIndustrial

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

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.

Players

Moshe Bloorian

GreyHill Group

Buyer

$94.4M

vol

12 deals

Buyer

Falconer, New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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