Tejpal Sandhu Acquires Retail Property In Brooklyn For $4.8M

A retail property located at 2501-2511 86th Street in Brooklyn has been sold for $4,800,000. The property spans 6,500 square feet, resulting in a price per square foot of $738. The transaction was completed on February 14, 2023.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $4,800,000
• Address: 2501-2511 86th Street, Brooklyn
• Market: Brooklyn
• Square Footage: 6,500

The buyer of the property was Tejpal Sandhu, while Valentina Lvovsky acted as the seller. The deal was facilitated by brokers Scott Plasky, Alex Arustamian, and Lazarus Apostolidis from Marcus & Millichap. The property is situated on a 10,000 square foot corner lot with a dimension of 100 by 100 feet. Additionally, there is a potential for development as it offers a buildable space of 20,000 square feet.