Ahmed Kaid Acquires Mixed-use Property In Bedford-Stuyvesant For $2.15M
329 Nostrand Avenue
$2,150,000
$510/SF
Building Size
4,212 SF
Asset Type
Mixed-use
Closing
Jun 30, 2020
About this deal
AI
A mixed-use property located at 329 Nostrand Avenue in the Bedford-Stuyvesant market has been sold for a total of $2,150,000. The property consists of four units with an average price per unit of $537,500.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,150,000
- Address: 329 Nostrand Avenue
- Market: Bedford-Stuyvesant
The buyer, Ahmed Kaid, acquired the property from MBH 329 Nostrand - Michael Betesh. The transaction was facilitated by broker Matt Cosentino.
The mixed use sale at 329 Nostrand Avenue in New York, New York sold for $2.2M in 2020. Reported inventory is 4,212 square feet across 4 units, or about 510 per square foot. Matthew (Matt) Cosentino, Michael Betesh, Terra CRG appear on the sale alongside Terra CRG. This page is the New York, New York file for the 329 Nostrand Avenue mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 329 Nostrand Avenue around 2020. Published consideration for 329 Nostrand Avenue is $2.2M, dated 2020. Cite this Ahmed Kaid Acquires Mixed-use Property In Bedford-Stuyvesant For $2.15M sale when underwriting similar mixed use product around New York, New York.
On the Map
$2,150,000
$510/SF
Mixed-use
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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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93