Moses Karpen Acquires Mixed-Use Buildings In Bedford Stuyvesant For $5.2M

Moses Karpen's Kent Development LLC has purchased two mixed-use buildings located at 906 and 908 Kent Avenue in Brooklyn's Bedford Stuyvesant neighborhood. The properties were acquired for a total sale price of $5.2 million from Richard Cedillo's 908 Kent Avenue Realty LLC. The combined built space of the buildings spans 10,000 square feet, resulting in a price per square foot of $520.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $5,200,000
• Address: 906 Kent Avenue & 908 Kent Avenue
• Market: Bedford Stuyvesant
• Buyer: Moses Karpen
• Seller: Richard Cedillo
• Square Footage: 10,000
• Price per Square Foot: $520

Moses Karpen, representing Kent Development LLC, successfully closed the deal by acquiring the two mixed-use buildings from Richard Cedillo's 908 Kent Avenue Realty LLC. This transaction highlights the real estate expertise and strategic decision-making of both parties involved.