Greyhill Group Acquires Multifamily Property In Rensselaer, NY For $2.58M
26-28 High Street, Rensselaer, NY, USA
$2,580,000
$353/SF
Building Size
7,296 SF
Asset Type
MultiFamily
Closing
Jun 20, 2021
AI
Located at 26-28 High Street in Rensselaer, NY, this multifamily property has recently been sold. The transaction took place on June 21, 2021, with a sale price of $2,580,000. The property consists of 46 units, resulting in a per unit price of $56,086.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,580,000
- Units: 46
- Price Per Unit: $56,086
The buyer of the property is Moshe Bloorian, represented by Ben Khakshoor and Mike Kerwin of RosewoodRG, while the seller is Eric & Gilah Moses. On the seller's side, the representative is Michael Sherman from Baseline Real Estate Advisors.
Players
Hoosick Falls MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.15%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93