BRM Development Acquires Retail Property In East Greenbush For $17.25M With Seller's Rep Joanna R. Manfro
592 Columbia Turnpike
$17,250,000
$155/SF
Building Size
111,077 SF
Asset Type
Retail
Closing
Jul 20, 2025
About this deal
AI
The retail asset located at 592 Columbia Turnpike in East Greenbush, encompassing 111,077 square feet, has been sold for $17,250,000, achieving a price per square foot of $155.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,250,000
- Address: 592 Columbia Turnpike
- Market: East Greenbush
- Square Footage: 111,077
- Price Per Square Foot: $155
- Buyer: BRM Development
- Seller's Representative: Joanna R. Manfro - Matthews Real Estate Investment Services
The transaction involved BRM Development as the buyer, with Joanna R. Manfro representing the seller through Matthews Real Estate Investment Services, facilitating the closure of this retail property sale.
Players
East Greenbush Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93