GreyHill Group Acquires Multifamily Property In Albany For $5.75M From Seller Norstar Property Management

The multifamily property located at 733 Broadway in Albany was recently sold in a transaction facilitated by Jesse Tranvaag from Berkshire Hathaway HomeServices Blake on behalf of the seller, Norstar Property Management. The buyer, GreyHill Group, was represented by Moshe Bloorian.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,750,000
• Address: 733 Broadway
• Market: Albany

The property consists of 31 units with an average price per unit of $185,483. The total square footage of the property is 48,800, with a price per square foot of $117.

With this transaction, GreyHill Group acquired the multifamily property, while Norstar Property Management divested their ownership. Jesse Tranvaag from Berkshire Hathaway HomeServices Blake represented the seller, and Moshe Bloorian represented the buyer.