Urban Standard Capital Acquires Mixed-Use Building In Bedford Stuyvesant For $1.8M

Urban Standard Capital has expanded its rental portfolio by acquiring a renovated and stabilized mixed-use property in Bedford Stuyvesant. The property, located at 547 Throop Avenue, was purchased from seller Isaac Cohen for a total of $1,800,000. With a total square footage of 4,700, the property has a price per square foot of $385. It consists of 8 units, making it an attractive addition to Urban Standard Capital's rental portfolio.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,800,000
• Address: 547 Throop Avenue
• Market: Bedford Stuyvesant

Jonathan Williams of Cornerstone Property represented Urban Standard Capital in the transaction as their broker. This acquisition marks a strategic move for Urban Standard Capital, diversifying their rental portfolio and adding value to their real estate investment portfolio. The purchase of this renovated and stabilized asset aligns with Urban Standard Capital's investment strategy.

It is worth noting that Urban Standard Capital completed this transaction with a purchase of the property from seller Isaac Cohen. This acquisition further strengthens Urban Standard Capital's presence in the rental market and demonstrates their commitment to expanding their portfolio with quality real estate assets.