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2 Malcolm X Blvd, Bedford-S...

Moses Rabinovits Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $1.175M
SOLDMixed-use

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

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$285M

vol

109 deals

Broker

Moses Rabinovits

Buyer

$4.7M

vol

3 deals

Buyer

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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