Cycamore Living Acquires Mixed-Use Property In Crown Heights For $1.9M

The mixed-use property located at 1375 Bedford Ave in Crown Heights has been sold. The transaction took place on April 17, 2019.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,925,000
• Sale Price per Square Foot: $511
• Number of Units: 3
• Price per Unit: $641,666
• CAP Rate: 5.9%

Moshe Simpson was the seller, while Cycamore Living represented by Johnny Din and Jon Cypers acted as the buyer for this transaction. TerraCRG, represented by Matt Cosentino, Fred Bijou, Damhi Shaw, Eddie Laboz, and Eric Satanovsky, served as the brokers involved in the deal.