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26-28 High Street, Renssela...

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

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

Ben Khakshoor

Rosewood Realty Group

Broker

$1.9B

vol

135 deals

Broker
Moshe Bloorian

Moshe Bloorian

GreyHill Group

Buyer

$94.4M

vol

12 deals

Buyer

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