Updated Dec 4, 2024
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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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