Mao Kai Zheng Acquires Mixed-Use Property On Nostrand Ave. For $3.55M

Located in the Crown Heights neighborhood of Brooklyn, the mixed-use property at 563-565 Nostrand Ave. has recently been sold in a closed transaction. The sale took place on 05/06/2021 and was facilitated by Mao Kai Zheng as the buyer and Chaim Streicher as the seller. The property, spanning a total area of 7,016 square feet, consists of 10 units. The sale price for this transaction was $3,550,000, resulting in a price per square foot of $505 and a price per unit of $355,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,550,000
• Address: 563-565 Nostrand Ave.
• Market: Crown Heights, Brooklyn
• Buyer: Mao Kai Zheng
• Seller: Chaim Streicher
• Buyer's Representative: Kobi Zamir - GFI Cap
• Seller's Representative: Zachary Fuchs - GFI Cap

Kobi Zamir from GFI Cap represented the buyer, Mao Kai Zheng, in this transaction. On the other hand, Zachary Fuchs, also from GFI Cap, represented the seller, Chaim Streicher. The involvement of these key individuals and companies played a crucial role in ensuring the successful completion of the sale.