SOLD
Jacob Rubin Acquires Mixed-Use Property In Bedford-Stuyvesant For $3.3M
554 DeKalb Avenue
Mixed-use
8,640 SF
8,640 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
8,640 sqft
The mixed-use property located at 554 DeKalb Avenue in Bedford-Stuyvesant has been sold. The transaction took place on 10/29/2019.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,300,000
- Address: 554 DeKalb Avenue
- Market: Bedford-Stuyvesant
Fred Morales was the seller, while Jacob Rubin bought the property. The deal was facilitated by brokers DJ Johnston & Mike Murphy from b6realestate.
The property had a total square footage of 8,640, with a price per square foot of $382. It was a mixed-use building, with 50% of the space being owner-occupied or vacant and the other 50% being residential.
This transaction represents a significant sale in Bedford-Stuyvesant and highlights the involvement of key individuals in the negotiation and completion of the deal.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: DJ Johnston & Mike Murphy
DATE: 10/29/2019
ADDRESS: 554 DeKalb Avenue
MARKET: Bedford-Stuyvesant
ASSET TYPE: Mixed-use
SELLER: Fred Morales
BUYER: Jacob Rubin
BROKERS: DJ Johnston & Mike Murphy @b6realestate
ASKING PRICE: $3,500,000
SALE PRICE: $3,300,000
SF: 8,640 / PPSF: $382
NOTE: The building was 50% RS and 50% owner occupied/vacant. Roughly a 5.5% Cap […]View on map
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Address554 DeKalb Avenue
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