Jacob Mermelstein Acquires Sunset Park Industrial Property From The Eliash Family For $12.4M
SOLD
$12,400,000
New York
See Similar DealsIndustrial27,000 SF
Sold 08/23/2022
SOLD
Jacob Mermelstein Acquires Sunset Park Industrial Property From The Eliash Family For $12.4M
129 30th Street
See Similar DealsIndustrial27,000 SF
Sold 08/23/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$459
Total Square Footage:27,000 SF
Transaction Type:Sale
The industrial property located at 129 30th St. in Sunset Park has been sold in a recent transaction. The property spans approximately 27,000 square feet and was sold for a total of $12,400,000, resulting in a price per square foot of $459.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,400,000
- Address: 129 30th St.
- Market: Sunset Park
The buyer of this industrial property is Jacob Mermelstein, while the seller is The Eliash Family. The deal was facilitated by the brokers Dov Bleich, Duvy Biller, and Jack Sardar from Tri State Commercial Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$661,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91
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