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235 Malcolm X Boulevard

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

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

235 Malcolm X Boulevard

$3,200,000

$473/SF

Building Size

6,760 SF

Asset Type

Mixed-use

Closing

Apr 7, 2025

AI

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

Ripco

Broker

$137.6M

vol

31 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93