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383 387 South 11th Street

Shlomo Gold Purchases Industrial Property From Mayer Green In Newark For $1.2M
SOLDIndustrial

Shlomo Gold Purchases Industrial Property From Mayer Green In Newark For $1.2M

383 387 South 11th Street

$1,200,000

$142/SF

Building Size

8,400 SF

Asset Type

Industrial

Closing

Jun 8, 2025

AI

The asset involved in this transaction is an industrial property located at 383-387 South 11th Street in Newark. The sale was finalized for a price of $1,200,000, comprising 8,400 square feet, resulting in a price per square foot of $142.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,200,000
  • Buyer: Shlomo Gold
  • Seller: Mayer Green
  • Broker: Ryan Cerqueira - The Quinas Companies

The transaction was represented by Ryan Cerqueira, who served as the broker representing the seller Mayer Green in this deal. The sale reflects the ongoing activity in the Newark market involving industrial properties.

Players

Ryan Cerqueira

The Quinas Companies

Broker

$36.4M

vol

13 deals

Broker
The Quinas Companies
The Quinas CompaniesBrokerage

Shlomo Goldstein

Buyer

$57.2M

vol

2 deals

Buyer

Newark Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93