269 Malcolm X Blvd LLC Purchases 271 Malcolm X Blvd In Brooklyn For $3.25M With Seller's Rep Luke Sproviero
SOLD
$3,250,000
New York
See Similar Deals6,240 SF
SOLD
269 Malcolm X Blvd LLC Purchases 271 Malcolm X Blvd In Brooklyn For $3.25M With Seller's Rep Luke Sproviero
271 Malcolm X BLVD, Brooklyn, NY, 11...
See Similar Deals6,240 SF
Summary
NEW YORK
Price Per Square Foot:$520
Total Square Footage:6,240 SF
Transaction Type:Sale
The property located at 271 Malcolm X Blvd, Brooklyn, NY is a commercial asset sold for $3,250,000.00. This asset encompasses a total of 6,240 square feet and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,250,000.00
- Address: 271 Malcolm X BLVD, Brooklyn, NY
- Market: Brooklyn
- Buyer: 269 Malcolm X Blvd LLC
- Seller's Representative: Luke Sproviero - Investment Property Realty Group (IPRG)
The parties involved in the transaction highlight the representation in the deal, with Luke Sproviero acting as the seller's representative through the Investment Property Realty Group (IPRG). The buyer is identified as 269 Malcolm X Blvd LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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