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5 Canal Road

Morris Sabbagh, Abraham Kassin & Jack Zalta Sell Industrial Complex In Pelham For $3.95M
SOLDIndustrial

Morris Sabbagh, Abraham Kassin & Jack Zalta Sell Industrial Complex In Pelham For $3.95M

5 Canal Road

$3,950,000

$219/SF

Building Size

18,000 SF

Asset Type

Industrial

Closing

Aug 28, 2025

AI

This industrial/sport complex located at 5 Canal Road in Pelham was sold for $3,950,000. The property spans 18,000 square feet, resulting in a price per square foot of $219.

Summary of transaction details:

The transaction involved several key individuals, including the sellers Morris Sabbagh, Abraham Kassin, and Jack Zalta, representing a coordinated effort in this sale. Eli Yadid of KSR represented the buyer, while the seller was represented by Ariel Castellanos and Federico Mazzeo from Pinnacle Realty of New York.

Players

Federico Mazzeo

Pinnacle Realty of New York

Broker

$121.6M

vol

24 deals

Broker
Jack Zalta

Jack Zalta

Seller

$184.4M

vol

24 deals

Seller

Pelham 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

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93