Ram P Chadha Acquires Hotel On Atlantic Avenue In Bedford-Stuyvesant, Brooklyn For $6.02M

A hotel located at 1199 Atlantic Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn was recently sold for $6,025,000. The property spans a total of 19,816 square feet, resulting in a price per square foot of $304. The transaction took place on May 4, 2021.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $6,025,000
• Address: 1199 Atlantic Avenue
• Market: Bedford-Stuyvesant, Brooklyn
• Square Footage: 19,816
• Price per Square Foot: $304

The buyer in this transaction was Ram P Chadha, while the seller was Meyer Bodner. The hotel was last sold for $3,000,000 in February 2006.