Mohamed Bhuyain Acquires Mixed-Use Property In Cypress Hills For $2.3M

A mixed-use industrial site located at 19, 23, 27 & 29 Alabama Avenue in Cypress Hills was recently sold in a transaction that took place on August 8, 2019. The property, with a size of 11,450 square feet, was sold for a price of $2,300,000, at a rate of $200 per square foot. The property had been under the same ownership for 40 years.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,300,000
• Address: 19, 23, 27 & 29 Alabama Avenue
• Market: Cypress Hills
• Seller: William Kanes
• Buyer: Mohamed Bhuyain
• Broker: Matthew Peters

The transaction was facilitated by Matthew Peters, representing the buyer and seller. The property is located in the Cypress Hills market and consists of mixed-use industrial buildings. The sale price of $2,300,000 reflects the value of the property, which has been owned by the seller for 40 years. It presents an opportunity for the buyer, Mohamed Bhuyain, to invest in a mixed-use asset in this market.