Updated Sep 25, 2025
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
About this deal
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:
- 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.
On the Map
$3,950,000
$219/SF
Industrial
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Players
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