INK Property Acquires Mixed-Use Property In Bedford-Stuyvesant For $1.75M
234 Stuyvesant Avenue, Brooklyn, NY 11221
$1,750,000
$336/SF
Building Size
5,200 SF
Asset Type
Mixed-use
Closing
Jun 4, 2020
About this deal
AI
A mixed-use property located at 234 Stuyvesant Ave. in Bedford-Stuyvesant has recently been sold for a total price of $1,750,000. The property spans 5,200 square feet, resulting in a price per square foot of $336. The sale took place on June 4, 2021, and was facilitated by brokers Matt Cosentino and Isaiah Thomas from TerraCRG. The buyer, INK Property, was represented by Eden Ashourzadeh.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Address: 234 Stuyvesant Ave.
- Market: Bedford-Stuyvesant
- Square Footage: 5,200
- Price Per Square Foot: $336
- Buyer: INK Property - Eden Ashourzadeh
- Brokers: Matt Cosentino & Isaiah Thomas
The sale of this mixed-use property represents a successful transaction in the real estate market of Bedford-Stuyvesant. The involvement of notable brokers, Matt Cosentino and Isaiah Thomas from TerraCRG, highlights their expertise in facilitating such deals. INK Property, represented by Eden Ashourzadeh, acted as the buyer in this transaction, further demonstrating their interest in investment opportunities in the area.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93