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

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.