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GreyHill Group Acquires Industrial Property In Rochester For $2.3M

Property Image
SOLD
$2,295,000

New York

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Industrial64,636 SF
Sold 09/30/2022
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Property Image
SOLD

GreyHill Group Acquires Industrial Property In Rochester For $2.3M

69 Seneca Avenue, Rochester, New York 14621, United States

See Similar Deals
Industrial64,636 SF
Sold 09/30/2022
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$35
Total Square Footage:64,636 SF
Transaction Type:Sale

The industrial property located at 69 Seneca Ave in Rochester has been sold recently. The transaction took place on 09/30/2022, and the property was acquired by GreyHill Group. The buyer was represented by Moshe Bloorian. The seller of the property was Kevin Perri. The deal was facilitated by Marco Muoio from Off Market Street Real Estate Advisors.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,295,000
  • Property Address: 69 Seneca Ave, Rochester
  • Market: Rochester
  • Buyer: GreyHill Group - Moshe Bloorian
  • Seller: Kevin Perri
  • Broker: Marco Muoio - Off Market Street Real Estate Advisors
  • Square Footage: 64,636
  • Price Per Square Foot: $35

The sale of this industrial property represents a significant transaction in the Rochester market. It demonstrates the ongoing demand for industrial assets in the area and highlights the involvement of key individuals and companies, including GreyHill Group, Moshe Bloorian, Kevin Perri, and Marco Muoio from Off Market Street Real Estate Advisors. The property's large square footage of 64,636 and the favorable price per square foot of $35 make it an attractive investment opportunity in the industrial sector.

Players

Moshe Bloorian
12 deals$94.4M volume
BUYER

Details

SOLD
IMAGE: Moshe Bloorian DATE: 09/30/2022 ADDRESS: 69 Seneca Ave. MARKET: Rochester ASSET TYPE: Industrial BUYER: GreyHill Group (@GreyHillGroup) - Moshe Bloorian (@MoBloorian) SELLER: Kevin Perri BROKER: Marco Muoio - Off Market Street Real Estate Advisors SALE PRICE: $2,295,000 SF: 64,636 ~ PPSF: $35

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,153.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,879.47
Annual Debt Service$130,553.65