Juan Perez's Persam 1081 LLC Acquires Industrial Building In Bedford Stuyvesant, Brooklyn For $3.1M

Juan Perez's Persam 1081 LLC has purchased an industrial building located at 866 Madison Street in Bedford Stuyvesant, Brooklyn. The property was sold by Elliott L. Polinsky's Madison Lumber Corp for a price of $3,100,000. The building has a total of 5,000 square feet of built space and an additional 4,999 square feet of air rights, bringing the total buildable square footage to 9,998. The sale closed on April 21, 2023.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,100,000
• Address: 866 Madison Street, Bedford Stuyvesant, Brooklyn
• Buyer: Juan Perez's Persam 1081 LLC
• Seller: Elliott L. Polinsky's Madison Lumber Corp
• Building Square Footage: 5,000
• Buildable Square Footage: 9,998
• Price Per Square Foot: $620

This transaction involved Juan Perez's Persam 1081 LLC as the buyer and Elliott L. Polinsky's Madison Lumber Corp as the seller. The purchase of this industrial building marks a significant acquisition for Juan Perez's LLC in the Bedford Stuyvesant market of Brooklyn.