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
About this deal
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.
On the Map
$2,150,000
$407/SF
Mixed-use
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Players
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