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Aahu Barah Purchases Industrial Property From Jonathan Lee In Hicksville For $5.15M

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SOLD
$5,150,000

New York

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Industrial18,000 SF
Sold 05/05/2025
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Property Image
SOLD

Aahu Barah Purchases Industrial Property From Jonathan Lee In Hicksville For $5.15M

70 Commerce Street

See Similar Deals
Industrial18,000 SF
Sold 05/05/2025
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$286
Total Square Footage:18,000 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial building located at 70 Commerce Street in Hicksville. The transaction was completed at a sale price of $5,150,000 for a total area of 18,000 square feet, resulting in a price per square foot of $286.

Summary of transation details:

This transaction showcases the involvement of notable individuals, with Aahu Barah as the buyer and Jonathan Lee as the seller. The brokerage firm Paramount Properties Group was represented by Gary J Chimeri and Michael Berndt in this deal, contributing to another successful transaction in their portfolio.

Players

12 deals$140.2M volume(516) 286-5177
BROKER

Details

SOLD
IMAGE: Gary J Chimeri & Michael Berndt DATE: 5/5/2025 ADDRESS: 70 Commerce Street MARKET: Hicksville ASSET TYPE: Industrial BUYER: Aahu Barah SELLER: Jonathan Lee BROKERS: Gary J Chimeri & Michael Berndt - Paramount Properties Group (@Paramount_PG) SALE PRICE: $5,150,000 SF: 18,000 ~ PPSF: $286 NOTE FROM BROKER: Another successful PPG transaction at a premium ppsf on an industrial building centrally located in Nassau County.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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