Moses Rabinovits Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $1.175M
2 Malcolm X Blvd, Bedford-Stuyvesant, Brooklyn, NY, USA
$1,175,000
$284/SF
Building Size
4,125 SF
Asset Type
Mixed-use
Closing
Dec 6, 2021
AI
Located at 2 Malcolm X Blvd in Bedford-Stuyvesant, Brooklyn, this mixed-use property was recently sold for a total of $1,175,000. The property has a total square footage of 4,125 and a price per square foot of $285. It features three units, with each unit having an average price of $391,667. The property is zoned as R6A and C2-4, making it suitable for a variety of uses.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,175,000
- Address: 2 Malcolm X Blvd
- Market: Bedford-Stuyvesant, Brooklyn
- Zoning: R6A, C2-4
The buyer of this property is Moses Rabinovits, while the sellers are Victor and Anthony Perez. The transaction was facilitated by several brokers, including Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Sean Mashihi of BRG | Bestreich Realty Group. Notably, all apartments were delivered vacant at the time of closing.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93