Samuel Strulovitch pays $5M to Maimonides Medical Center for office in Borough Park

Samuel Strulovitch through the entity 5918 13 Ave LLC paid $5 million to Maimonides Medical Center through the entity Maimonides Research And Development Foundation for the office building (O7) at 5918 13th Avenue in Borough Park, Brooklyn. The expected use is cash flowing.
The deal closed on March 24, 2026 and was recorded on March 27, 2026. The property has 10,000 square feet of built space for a total buildable of 10,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $500 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Maimonides Medical Center was Patrick Borgen . The signatory for Samuel Strulovitch was Sam Strulovitch . The contract date was February 18, 2026.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Samuel Strulovitch had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Maimonides Medical Center had not purchased any other properties and had not sold any properties over the same time period. The 10,000-square-foot property generated revenue of $291,500 or $29 per square foot, according to the most recent income and expense figures.

The property

The office building in Borough Park has 10,000 square feet of built space for a total buildable of 10,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 100 feet deep with a total lot size of 10,000 square feet. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $1.7 million.

Transaction Participants

Menachem Brickman participated in the transaction on behalf of the buyer.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $780 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Borough Park, The bulk, or 25 percent of the 23.3 million square feet of commercial built space are specialty buildings, with mixed-use buildings next occupying 21 percent of the space. In sales, Borough Park has 3.5 times the average sales volume among other neighborhoods with $1.1 billion in sales volume in the last two years and is the 3rd highest in Brooklyn. For development, Borough Park has near average amount of major developments among other neighborhoods and is the 15th highest in Brooklyn. It had 1.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space. There were 48 pre-foreclosure suit filed among other office buildings in the past 12 months.

The block

On this tax block, PincusCo has identified the owners of 10 of the 19 commercial properties representing 39,520 square feet of the 63,051 square feet. The largest owner is Yehoshia Sturm, followed by Shimon Kon and then United Jewish Appeal-Federation.
On the tax block, there was one new building construction project filed totaling 3,606 square feet. It is a three-unit, 3,606 square-foot residential (R-2) building submitted by David Weisz with plans filed September 4, 2019 and permitted November 17, 2021.

The majority, or 33 percent of the 63,051 square feet of built space are office buildings, with walkup buildings next occupying 30 percent of the space.

The seller

The PincusCo database currently indicates that Maimonides Medical Center owned at least 11 commercial properties with 230 residential units in New York City with 1,079,446 square feet and a city-determined market value of $242.9 million. (Market value is typically about 50% of actual value.) The portfolio has $184.4 million in debt, borrowed from NYS Dormitory Authority and Bank of America. Within the portfolio, the bulk, or 59 percent of the 1,079,446 square feet of built space are specialty properties, with industrial properties next occupying 21 percent of the space. They are all located in Brooklyn.

The buyer

The PincusCo database currently indicates that Samuel Strulovitch owned at least six commercial properties with five residential units in New York City with 23,562 square feet and a city-determined market value of $5.3 million. (Market value is typically about 50% of actual value.) The portfolio has $6.5 million in debt, borrowed from Citizens Bank. Within the portfolio, the bulk, or 87 percent of the 23,562 square feet of built space are industrial properties, with mixed-use properties next occupying 13 percent of the space. They are all located in Brooklyn.

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