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:
- Property Type: Industrial
- Transaction Amount: $5,150,000
- Address: 70 Commerce Street
- Market: Hicksville
- Square Footage: 18,000
- Price Per Square Foot: $286
- Buyer: Aahu Barah
- Seller: Jonathan Lee
- Broker Representatives: Gary J Chimeri & Michael Berndt - Paramount Properties Group
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
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