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Albert Aranbayev Acquires Mixed-Use Property At 235 Malcolm X Boulevard Brooklyn For $3.2M

Property Image
SOLD
$3,200,000
Kevin Schmitz
Brian Whelan
+ 2

New York

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Mixed-use6,760 SF
Sold 04/07/2025
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Property Image
SOLD

Albert Aranbayev Acquires Mixed-Use Property At 235 Malcolm X Boulevard Brooklyn For $3.2M

235 Malcolm X Boulevard

See Similar Deals
Mixed-use6,760 SF
Sold 04/07/2025
Kevin Schmitz
Brian Whelan
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$473
Total Square Footage:6,760 SF
Transaction Type:Sale

The property asset involved in this transaction is a mixed-use building located at 235 Malcolm X Boulevard in Brooklyn. The sale was completed for a total price of $3,200,000, encompassing a total area of 6,760 square feet, which results in a price per square foot of $473.

Summary of transaction details:

This transaction was facilitated by a team of brokers from Ripco, consisting of Brian Whelan, Mitchel Flaherty, Stephen R. Preuss Sr., Kevin Schmitz, and Jonathan Auerbach, representing the interests involved in the sale.

Players

Brian Whelan
30 deals$137M volume(646) 933-2641
BROKER

Mitchel Flaherty
Ripco
32 deals$172.7M volume(646) 933-2642
BROKER

Stephen R. Preuss Sr.
Ripco
258 deals$2B volume(718) 663-2639
BROKER

Kevin Schmitz
Ripco
112 deals$846.3M volume
BROKER

Jonathan Auerbach
Ripco
14 deals$55.2M volume(516) 902-3188
BROKER

Details

SOLD
IMAGE: Brian Whelan, Mitchel Flaherty, Stephen R. Preuss Sr., Kevin Schmitz & Jonathan Auerbach DATE: 04/07/2025 ADDRESS: 235 Malcolm X Boulevard MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER: Albert Aranbayev BROKERS: Brian Whelan (@Whee1Deal), Mitchel Flaherty (@TheBritinTheBronx), Stephen R. Preuss Sr. (@RipcoInvestmentSales), Kevin Schmitz (@Kevin.Schmitz_CRE ) & Jonathan Auerbach - Ripco (@RipcoRealEstate) SALE PRICE: $3,200,000 SF: 6,760 ~ PPSF: $473

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59