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9 Marcus Garvey Boulevard, ...

Aperture Holdings Acquires Mixed-Use Property In Bedford-Stuyvesant For $2.19M
SOLDMixed-use

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

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.

Players

Daniel Greenblatt

Marcus & Millichap

Broker

$263.4M

vol

69 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Pir Granoff

Pir Granoff

Aperture Holdings

Buyer

$33M

vol

9 deals

Buyer
AH
Aperture HoldingsBuyer

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