Camy Vallon Acquires Mixed-Use Property At 1740-1746 Nostrand Avenue For $3.2M

The property involved in the transaction is a mixed-use asset located at 1740-1746 Nostrand Avenue in Brooklyn. The sale price was $3,200,000, with a total square footage of 16,000, resulting in a price per square foot of $200.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,200,000
• Address: 1740-1746 Nostrand Avenue
• Market: Brooklyn
• Square Footage: 16,000
• Price per Square Foot: $200
• Buyer: Camy Vallon
• Seller: Jonathan Flaxer - Chapter 11 Trustee
• Seller's Representatives: Paul Massey & Jonathan Buerger - B6 Real Estate Advisors; Harold Bordwin - Keen-Summit Capital Partners

B6 Real Estate Advisors and Keen-Summit Capital Partners represented the seller during a bankruptcy auction, successfully procuring a direct buyer for the property. In a competitive bidding environment, the property sold for 28% above the initial stalking horse bid after 30 rounds of bidding.