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129 30th Street

Jacob Mermelstein Acquires Sunset Park Industrial Property From The Eliash Family For $12.4M
SOLDIndustrial

Jacob Mermelstein Acquires Sunset Park Industrial Property From The Eliash Family For $12.4M

129 30th Street

$12,400,000

$459/SF

Building Size

27,000 SF

Asset Type

Industrial

Closing

Aug 23, 2022

AI

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.

Players

Dov Bleich

Tri State Commercial Realty

Broker

$12.4M

vol

24 deals

Broker

San Francisco 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

1.28%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93