Aperture Holdings Acquires Mixed-Use Property In Bedford-Stuyvesant For $2.19M
9 Marcus Garvey Boulevard, Brooklyn, NY, USA
$2,190,000
$550/SF
Building Size
3,975 SF
Asset Type
Mixed-use
Closing
Aug 4, 2021
About this deal
AI
Aperture Holdings, led by Pir Granoff and Douglas Bailee, has acquired a mixed-use property located at 9 Marcus Garvey Boulevard in the Bedford-Stuyvesant market. The transaction, completed on August 5, 2021, involved a sale between the buyer and seller, Daniel Kasten. The property, consisting of 7 units spanning approximately 3,975 square feet, was sold for a total price of $2,190,000. This translates to a per unit price of $312,857 and a price per square foot of $551.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,190,000
- Units: 7
- Price Per Unit: $312,857
- Square Footage: 3,975
- Price Per Square Foot: $551
The deal was facilitated by brokers Shaun Riney and Dan Greenblatt from New York Multifamily and Marcus & Millichap NY, respectively. Their involvement in the transaction showcases their expertise in the local real estate market and their commitment to assisting clients like Aperture Holdings and Daniel Kasten.
On the Map
$2,190,000
$550/SF
Mixed-use
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Players
New York 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
7.24%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93