Updated Oct 29, 2024
Weeden Family Acquires Multi-family Property In Brooklyn For $1.7M
121 Malcolm X Blvd, Brooklyn, NY 11221, USA
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Jan 12, 2018
About this deal
AI
The multi-family property located at 121 Malcolm X Blvd in Brooklyn, New York has been sold for a price of $1,715,000. The property spans 2,400 square feet, resulting in a price per square foot of $714. The transaction was completed at a price per unit of $857,500.
Summary of transaction details
- Property Type: Multi-family
- Transaction Amount: $1,715,000
- Address: 121 Malcolm X Blvd, Brooklyn, New York
- Market: Brooklyn
The seller of the property was Massada Development Group, while the buyer is the Weeden Family. The transaction was facilitated by LG Fairmont, with Michael Bushkanets representing the firm.
Swipe right to view the property after renovation.
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MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93