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69 Seneca Avenue, Rochester...

GreyHill Group Acquires Industrial Property In Rochester For $2.3M
SOLDIndustrial

GreyHill Group Acquires Industrial Property In Rochester For $2.3M

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

$2,295,000

$35/SF

Building Size

64,636 SF

Asset Type

Industrial

Closing

Sep 29, 2022

AI

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

GreyHill Group

Buyer

$94.4M

vol

12 deals

Buyer

City of Rochester 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

6.91%

Cash-on-Cash

-1.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93