Morris Sabbagh, Abraham Kassin & Jack Zalta Sell Industrial Complex In Pelham For $3.95M
SOLD
New York
See Similar DealsIndustrial18,000 SF
Sold 08/29/2025
SOLD
Morris Sabbagh, Abraham Kassin & Jack Zalta Sell Industrial Complex In Pelham For $3.95M
5 Canal Road
See Similar DealsIndustrial18,000 SF
Sold 08/29/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$219
Total Square Footage:18,000 SF
Transaction Type:Sale
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:
- Property Type: Industrial/Sport Complex
- Transaction Amount: $3,950,000
- Square Footage: 18,000
- Price Per Square Foot: $219
- Seller: Morris Sabbagh, Abraham Kassin & Jack Zalta
- Buyer’s Representative: Eli Yadid - KSR
- Seller’s Representatives: Ariel Castellanos & Federico Mazzeo - Pinnacle Realty of New York
- Date of Transaction: 8/29/2025
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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