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Sdei Louisa St Trust Purchases Retail Property In Kensington Brooklyn From Pearl Realty Management For $13.5M

Property Image
SOLD
$13,500,000

New York

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Retail12,000 SF
Sold 07/24/2025
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Property Image
SOLD

Sdei Louisa St Trust Purchases Retail Property In Kensington Brooklyn From Pearl Realty Management For $13.5M

1317 36th Street

See Similar Deals
Retail12,000 SF
Sold 07/24/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,125
Total Square Footage:12,000 SF
Transaction Type:Sale

The transaction involves a retail property asset located at 1317 36th Street in Kensington, Brooklyn, which has a sale price of $13,500,000. The property encompasses a total square footage of 12,000 and is priced at $1,125 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,500,000
  • Address: 1317 36th Street
  • Market: Kensington, Brooklyn
  • Buyer: Sdei Louisa St Trust
  • Seller: Jack Guttman - Pearl Realty Management
  • Square Footage: 12,000
  • Price Per Square Foot: $1,125

Sdei Louisa St Trust acquired the property from Pearl Realty Management, which was represented by Jack Guttman. Following the acquisition, Sdei Louisa St Trust intends to undertake ground-up development on the industrial property and adjacent parking lot.

Players

JG
Jack Guttman
17 deals$659.9M volume
SELLER
PM
Pearl Realty Management
SELLER

Details

SOLD
IMAGE: Jack Guttman DATE: 07/24/2025 ADDRESS: 1317 36th Street MARKET: Kensington, Brooklyn ASSET TYPE: Retail BUYER: Sdei Louisa St Trust SELLER: Jack Guttman - Pearl Realty Management SALE PRICE: $13,500,000 SF: 12,000 ~ PPSF: $1,125 NOTE: Sdei Louisa St Trust purchased an industrial property and adjacent parking lot at 1317 36th Street in Kensington, Brooklyn for $13.5 million from Pearl Realty Management, with plans for ground-up development.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65