facebook
Traded Co logo
Submit

The BDC Group Acquires Student Housing From OC Ventures For $89.8 Million In Amherst, Rochester

Property Image
SOLD
$89,800,000
Kenneth (Ken) Wellar
Corey Lonberger
Steffan Ramos

New York

See Similar Deals
Student Housing483,478 SF
Sold 01/15/2025
the dealplayerscompscontact
Property Image
SOLD

The BDC Group Acquires Student Housing From OC Ventures For $89.8 Million In Amherst, Rochester

100 Herron Drive & 20 Fairwood Drive

See Similar Deals
Student Housing483,478 SF
Sold 01/15/2025
Kenneth (Ken) Wellar
Corey Lonberger
Steffan Ramos
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Student Housing
Price Per Square Foot:$185
Total Square Footage:483,478 SF
Transaction Type:Sale

The asset involved in this transaction is a student housing property located at 100 Herron Drive & 20 Fairwood Drive in Amherst, Rochester. The sale price for the property was $89,800,000, encompassing a total square footage of 241,739 and a price per square foot of $371.

Summary of transation details:

  • Property Type: Student Housing
  • Transaction Amount: $89,800,000
  • Address: 100 Herron Drive & 20 Fairwood Drive
  • Market: Amherst, Rochester
  • Square Footage: 241,739
  • Price Per Square Foot: $371
  • Buyer: The BDC Group
  • Seller: OC Ventures
  • Broker: Corey Lonberger, Kenneth Wellar & Steffan Ramos - Global Real Estate Advisors

Corey Lonberger, Kenneth Wellar, and Steffan Ramos represented the transaction on behalf of the Global Real Estate Advisors, facilitating the sale between The BDC Group as the buyer and OC Ventures as the seller.

Players

Kenneth (Ken) Wellar
Global Real Estate Advisors (GREA)
Kenneth Wellar
58 deals$1.2B volume
BROKER
Corey Lonberger
Global Real Estate Advisors (GREA)
Corey Lonberger
33 deals$770.3M volume
BROKER
Corey Lonberger
Global Real Estate Advisors (GREA)
Corey Lonberger
33 deals$770.3M volume
BROKER
Steffan Ramos
Global Real Estate Advisors (GREA)
Steffan Ramos
2 deals$121.3M volume(832) 447-0149
BROKER
Rittenhouse Realty Advisors
Rittenhouse Realty Advisors
BROKERAGE

Details

SOLD
IMAGE: Corey Lonberger, Kenneth Wellar & Steffan Ramos DATE: 01/15/2025 ADDRESS: 100 Herron Drive & 20 Fairwood Drive MARKET: Amherst, Rochester ASSET TYPE: Student Housing BUYER: The BDC Group SELLER: OC Ventures BROKER: Corey Lonberger, Kenneth Wellar (@Ken_Wellar_CRE) & Steffan Ramos - Global Real Estate Advisors (@GREA_CRE) SALE PRICE: $89,800,000 SF: 241,739 ~ PPSF: $371

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,789,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$319,040.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$425,697.81
Annual Debt Service$5,108,373.77