Moshe Bloorian's GreyHill Group Acquires Industrial Property In Falconer For $7.35M
SOLD
$7,350,000
New York
See Similar DealsIndustrial401,000 SF
Sold 12/22/2022
SOLD
Moshe Bloorian's GreyHill Group Acquires Industrial Property In Falconer For $7.35M
2632 South Work Street
See Similar DealsIndustrial401,000 SF
Sold 12/22/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$18
Total Square Footage:401,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$391,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,113.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,842.75
Annual Debt Service$418,113.00
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