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100 Malcolm X Boulevard, Br...

Asaf Haim Sells Multifamily Property In Bedford-Stuyvesant For $4.7M
SOLDMultiFamily

Asaf Haim Sells Multifamily Property In Bedford-Stuyvesant For $4.7M

100 Malcolm X Boulevard, Brooklyn, New York 11221, United States

$4,700,000

$783/SF

Building Size

6,000 SF

Asset Type

MultiFamily

Closing

Mar 29, 2022

AI

A multifamily property located at 100 Malcolm X Blvd, Bedford-Stuyvesant, was recently sold for a total price of $4,700,000. The property consists of 9 units with an average price per unit (PPU) of $522,222. The total square footage of the property is 6,000, with an average price per square foot (PPSF) of $783.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,700,000
  • Units: 9
  • PPU: $522,222
  • Square Footage: 6,000
  • PPSF: $783
  • Address: 100 Malcolm X Blvd, Bedford-Stuyvesant

The seller of the property was Asaf Haim. The transaction was facilitated by Sully Klein from Real Street.

Players

Sully Klein

Broker

$28.7M

vol

14 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93