Greyhill Group Acquires Mixed-Use Property In Troy For $4.05M
SOLD
$4,050,000
New York
See Similar DealsMixed-use55,000 SF
Sold 09/23/2021
SOLD
Greyhill Group Acquires Mixed-Use Property In Troy For $4.05M
5 Broadway, Troy, NY, USA
See Similar DealsMixed-use55,000 SF
Sold 09/23/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$73
Total Square Footage:55,000 SF
Transaction Type:Sale
A mixed-use property located at 5 Broadway in Troy has been sold for $4,050,000. The property spans 55,000 square feet, resulting in a price per square foot of $73. The sale took place on September 23, 2021. The property was sold by Gerry Miller.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,050,000
- Address: 5 Broadway
- Market: Troy
- Square Footage: 55,000
- Price Per Square Foot: $73
The buyer of the property is Greyhill Group, represented by Moshe Bloorian. Moshe Bloorian also represented the seller, Gerry Miller, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79
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