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70 Commerce Street

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

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

70 Commerce Street

$5,150,000

$286/SF

Building Size

18,000 SF

Asset Type

Industrial

Closing

May 4, 2025

AI

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

Gary J Chimeri

Broker

$140.2M

vol

12 deals

Broker

Hicksville 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

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93