Jugmohan Suratwala Group Acquires Hotel In Bay Ridge, Brooklyn For $13.8M

The hotel building located at 8315 4th Avenue in Bay Ridge, Brooklyn was sold for $13.8 million. The total area of the property is 42,410 square feet, resulting in a price per square foot of $327.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $13,850,000
• Address: 8315 4th Avenue, Bay Ridge, Brooklyn
• Market: Bay Ridge, Brooklyn
• Buyer: Jugmohan Suratwala, Prianka Suratwala, Hiren Suratwala & Sanjiv Suratwala
• Seller: Pamela M. Williams

Jai Sai Group, LLC represented by Jugmohan Suratwala, Prianka Suratwala, Hiren Suratwala, and Sanjiv Suratwala, acquired the hotel building (H3) at 8315 4th Avenue in Bay Ridge, Brooklyn, from Pamela M. Williams for $13.8 million through the entity Gregory Hotel Holdings, Inc.