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41 Mechanic Street

Avrum Rosenberg Sells Industrial Property In Port Jervis For $2.5M, With Reps From The Leopard Group
SOLD

Avrum Rosenberg Sells Industrial Property In Port Jervis For $2.5M, With Reps From The Leopard Group

41 Mechanic Street

Building Size

Asset Type

Closing

Sep 15, 2022

AI

Located at 35-41 Mechanic St. in Port Jervis, this industrial property has recently been sold in a closed transaction. The property spans 40,000 square feet and was sold for a total price of $2,500,000, resulting in a price per square foot of $62.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,500,000
  • Square Footage: 40,000
  • Price per Square Foot: $62
  • Address: 35-41 Mechanic St.
  • Market: Port Jervis

The sale of this industrial property was facilitated by Avrum Rosenberg, the seller. Representing both the buyer and seller in this transaction were Tzvi Balsam and Yossi Neuman of The Leopard Group. They played a crucial role in completing the deal, ensuring a successful transaction for all parties involved.

Players

Tzvi Balsam

The Leopard Group

Broker

$33.6M

vol

6 deals

Broker

Port Jervis CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93