Tobias Strulovitch Acquires Retail And Industrial Properties In Bedford Stuyvesant, Brooklyn For $7.5M
113 Spencer Street Brooklyn, New York 11205, Usa
$7,500,000
$750/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jul 19, 2023
About this deal
AI
Tobias Strulovitch has acquired two properties in the Bedford Stuyvesant neighborhood of Brooklyn. The transaction includes a retail building located at 113 Spencer Street and an industrial building located at 111 Spencer Street. The total sale price for both properties amounts to $7.5 million, with a combined square footage of 10,000 square feet. The retail building has a price per square foot of $750.
Summary of transaction details:
- Property Type: Retail & Industrial
- Transaction Amount: $7,500,000
- Address: 113 Spencer Street, Bedford Stuyvesant, Brooklyn
- Market: Bedford Stuyvesant, Brooklyn
- Buyer: Tobias Strulovitch
- Seller: Isamar Margareten
Tobias Strulovitch took part in this acquisition, purchasing both the retail and industrial buildings from Isamar Margareten. The deal marks an investment in the growing market of Bedford Stuyvesant, Brooklyn.
Players
Gatton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Isamar Margareten to view all their deals.
Browse Gatton retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93