Sidharth Lakhani pays $18.1M to Juda Rosenfeld for rental in Williamsburg

Sidharth Lakhani through the entity 180 Scholes Street, LLC paid $18.1 million to Juda Rosenfeld through the entity Jr 180 Scholes LLC for 34-unit rental (C1) at 180 Scholes Street in Williamsburg, Brooklyn.
The deal closed on November 8, 2021 and was recorded on November 23, 2021.
The property has 52,500 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $343 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 seller bought the property on September 30, 2013, for $18.5 million.
The signatory for Juda Rosenfeld was Juda Rosenfeld. The signatory for Sidharth Lakhani was Sidharth Lakhani.
(302185828)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 34 residential units on August 21, 2012. (302185828) Plans for a 34-unit, 0 square-foot J-2 were filed on June 30, 2006 and were permitted on July 13, 2010.
The former owner according to the Department of Housing Preservation and Development was Isaac Rosenfeld, head officer.
Within a 400-foot radius of 180 Scholes Street, PincusCo identified six commercial real estate items of interests occurred over the past 24 months.
Of those six items, six were loans above $5 million totaling $251.5 million. The most recent of the six was FIA Capital Partners which borrowed $8.7 million from Maguire Capital Group secured by the five-unit rental (C2) on 178 Meserole Street and four other properties on July 19, 2021.

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