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
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