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Greyhill Group Acquires Multifamily Property In Rensselaer, NY For $2.58M

Property Image
SOLD
$2,580,000
Moshe Bloorian
Mike Kerwin
Michael Sherman
+ 1

New York

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MultiFamily7,296 SF
Sold 06/21/2021
the dealplayerscompscontact
Property Image
SOLD

Greyhill Group Acquires Multifamily Property In Rensselaer, NY For $2.58M

26-28 High Street, Rensselaer, NY, USA

See Similar Deals
MultiFamily7,296 SF
Sold 06/21/2021
Moshe Bloorian
Mike Kerwin
Michael Sherman
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$353
Total Square Footage:7,296 SF
Transaction Type:Sale

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

Ben Khakshoor
Rosewood Realty Group
Ben Khakshoor
132 deals$1.9B volume(212) 359-9913
BROKER
Mike Kerwin
Rosewood Realty Group
Mike Kerwin
31 deals$292.3M volume(212) 359-9920
BROKER
Michael Sherman
Baseline Real Estate Advisors
Michael Sherman
45 deals$785.1M volume(631) 235-9741
BROKER
Moshe Bloorian
GreyHill Group
Moshe Bloorian
12 deals$94.4M volume
BUYER
Moshe Bloorian
Moshe Bloorian
12 deals$94.4M volume
BUYER

Details

SOLD
IMAGE: Ben Khakshoor, Moshe Bloorian, Michael Sherman & Mike Kerwin DATE: 06/21/2021 ADDRESS: 26-28 High Street MARKET: Rensselaer, NY ASSET TYPE: Multifamily BUYER: @GreyhillGroup - Moshe Bloorian (@MoBloorian) SELLER: Eric & Gilah Moses BUYER'S REP: Ben Khakshoor & Mike Kerwin - @RosewoodRG SELLER'S REP: Michael Sherman - Baseline Real Estate Advisors (@Baseline_REAdvisors) SALE PRICE: $2,580,000 UNITS: 46 ~ PPU: $56,086

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,166.20
Cash-on-Cash Return-1.27%
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