Greyhill Group Acquires Mill Hollow Apartments In Albany, NY For $22.5M

Mill Hollow Apartments, located at 48 Bavarian Way in Albany, Upstate New York, has been sold in a recent transaction. The multifamily property, comprising 84 units, was sold for a total price of $22,500,000. This equates to a per unit price of approximately $267,857. The property spans a total area of 150,800 square feet, resulting in a price per square foot of around $149.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,500,000
• Address: 48 Bavarian Way, Albany, Upstate New York
• Market: Albany / Upstate New York
• Buyer: Moshe Bloorian - Greyhill Group
• Seller: Steve Buck
• Brokers: Aaron Jungreis & David Wildes - Rosewood Realty Group

The transaction was facilitated by brokers Aaron Jungreis and David Wildes from Rosewood Realty Group, who represented the buyer and seller in the deal. Their expertise in the market played a crucial role in the successful completion of the transaction.