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117 Sandford Street

Updated Dec 4, 2024

Sam Strulovitch's 117san LLC Acquires Industrial Building In Bedford Stuyvesant, Brooklyn For $3M
SOLDIndustrial

Sam Strulovitch's 117san LLC Acquires Industrial Building In Bedford Stuyvesant, Brooklyn For $3M

117 Sandford Street

$3,000,000

$555/SF

Building Size

5,400 SF

Asset Type

Industrial

Closing

Oct 20, 2023

About this deal

AI

117 Sandford Street, located in the Bedford Stuyvesant neighborhood of Brooklyn, has been sold in a closed transaction. The industrial building was purchased by Sam Strulovitch, operating through 117san LLC, for a total of $3 million. The seller of the property was Diem Lam's entity, 117 Sanford LLC. With a total square footage of 5,400, the price per square foot for the transaction was $556.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,000,000
  • Address: 117 Sandford Street
  • Market: Bedford Stuyvesant, Brooklyn

Sam Strulovitch, represented by the agency affiliated with 117san LLC, successfully acquired the industrial building from Diem Lam's entity, 117 Sanford LLC. The property, located in the vibrant neighborhood of Bedford Stuyvesant, offers a spacious interior with a total square footage of 5,400. This transaction marks an important milestone for both the buyer and the seller in the industrial real estate market.

Players

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $555 per square foot on a published $3M for 5,400 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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