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197 Malcolm X Boulevard

Anthony Santorelli Acquires Mixed-Use Building On Malcolm X Boulevard For $2.15M With Brokers Haley Hasho & Joey Mohsen
SOLDMixed-use

Anthony Santorelli Acquires Mixed-Use Building On Malcolm X Boulevard For $2.15M With Brokers Haley Hasho & Joey Mohsen

197 Malcolm X Boulevard

$2,150,000

$407/SF

Building Size

5,280 SF

Asset Type

Mixed-use

Closing

Feb 4, 2025

AI

The mixed-use property located at 197 Malcolm X Boulevard in Brooklyn was sold for $2,150,000. This property encompasses a total area of 5,280 square feet, resulting in a price per square foot of $407. The building was delivered occupied, featuring three 3-bedroom apartments situated above one vacant laundromat.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,150,000
  • Address: 197 Malcolm X Boulevard
  • Market: Brooklyn
  • Square Footage: 5,280
  • Price per Square Foot: $407
  • Buyer: Anthony Santorelli
  • Seller: Dunstan Tittle
  • Brokers: Haley Hasho & Joey Mohsen - Exodus Capital

The transaction involved Anthony Santorelli as the buyer and Dunstan Tittle as the seller, with Haley Hasho and Joey Mohsen representing the seller through their agency, Exodus Capital. This signifies a notable interaction among involved parties in the real estate market in Brooklyn.

Players

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93