Ynvest NY Acquires Mixed-Use Property In Crown Heights For $1.2M

A mixed-use property located at 184 Buffalo Ave in Crown Heights was recently sold for a price of $1,200,000. The property spans a total of 2,333 square feet, resulting in a price per square foot of $514. The sale transaction took place on 03/16/2022.

Summary of Transaction Details:

• Property Type: Mixed-use
• Transaction Amount: $1,200,000
• Address: 184 Buffalo Ave, Crown Heights
• Market: Crown Heights

The buyer of the property was Ynvest NY, represented by Dave Lolai and Elie Bassalian. The seller in this transaction was Marnie Messler. The deal was facilitated by broker Pini Azulay from the agency STAYBK.

Ynvest NY, the buyer, mentioned some notable features of the property. It is 100% Free Market, and there is an upside potential in the residential units. Additionally, there is a long-term retail tenant in place. The deal closed in just 16 days, and the buyer made an all-cash purchase. Ynvest NY expressed their interest in acquiring similar multi-family, mixed-use, and retail condos throughout the boroughs with a budget of up to $20M.

For further information or any similar opportunities, interested parties can reach out to Dave Lolai at [email protected] or Elie Bassalian at [email protected].