Updated Sep 11, 2026
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
About this deal
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.
On the Map
$12,400,000
$459/SF
Industrial
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Players
Brooklyn 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