SOLDMixed-use
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
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.
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