August 10, 2021

BedStuy mixed-use building sells for $2 million

Mentions Recent Closings

New York Business Journal

TerraCRG, a Brooklyn-based commercial real estate brokerage, has closed on the sale of a mixed-use building in Bedford-Stuyvesant.

TerraCRG partner Matthew Cosentino exclusively represented the seller, MBH 329 Nostrand LLC. Ahmed Kaid, the buyer, purchased the building for $2.1 million, or $515 per square foot.

Located at 329 Nostrand Ave., the mixed-use building contains four occupied residential units and a retail space. Each of the residential units spans an entire floor and contains four bedrooms. The retail space is occupied by Swivel Gallery, a modern art space that hosts exhibitions and events.

Kaid, the buyer, is also the owner of a building adjacent to 329 Nostrand Ave.

Read the full article here