Greyhill Group Acquires Mixed-Use Property In Troy For $4.05M
5 Broadway, Troy, NY, USA
$4,050,000
$73/SF
Building Size
55,000 SF
Asset Type
Mixed-use
Closing
Sep 23, 2021
AI
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.
Players
City of Troy Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93