Brooklyn investor Shulem Herman has gone to Queens for his latest purchase. Herman has purchased a homeless shelter in Long Island City from Lam Group for $36.5 million, according to property records. He took out a roughly $23.2 million mortgage for the purchase from Sterling National Bank. The 154-room building used to be a Fairfield Inn hotel and is located at 52-34 Van Dam Street. Herman bought 1501 Pitkin Avenue in Brownsville late last year […]
source https://therealdeal.com/2018/11/27/shulem-herman-buys-lic-homeless-shelter-for-37m/
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