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234 Stuyvesant Avenue, Broo...

Updated Oct 28, 2024

INK Property Acquires Mixed-Use Property In Bedford-Stuyvesant For $1.75M
SOLDMixed-use

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

Isaiah Thomas

Matheos Realty Group

Broker

$77.9M

vol

18 deals

Broker

Eden Ashourzadeh

Buyer

$120M

vol

40 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $336 per square foot on a published $1.8M for 5,200 square feet (2020).

Visit Matthew (Matt) Cosentino to view all their deals.

Browse New York mixed use sales on Traded.

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

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