Avrum Rosenberg Sells Industrial Property In Port Jervis For $2.5M, With Reps From The Leopard Group
41 Mechanic Street
Building Size
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Asset Type
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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
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