129 Mxb LLC Acquires Multifamily Property In Bedford-Stuyvesant For $1.1M

Located at 129 Malcolm X Boulevard in Bedford-Stuyvesant, this multifamily property was recently sold. The property consists of 8 units, with a total square footage of 4,680. The sale price for this property was $1,100,000, resulting in a price per square foot of $235. The buyer, 129 Mxb LLC represented by Mendy Wilhelm, purchased the property from Edward & Marie Dubreuil. The sale was facilitated by brokers Shaun Riney, Dan Greenblatt, William Grover, and Zalman Yarmush from Marcus & Milichap. The property is fully occupied and includes a non-conforming certificate of occupancy, which designates its use as 4 apartments over a 2-story day care.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Address: 129 Malcolm X Boulevard
• Market: Bedford-Stuyvesant
• Square Footage: 4,680
• Buyer: 129 Mxb LLC (represented by Mendy Wilhelm)
• Seller: Edward & Marie Dubreuil
• Brokers: Shaun Riney, Dan Greenblatt, William Grover, Zalman Yarmush - Marcus & Milichap
• Price per Square Foot: $235
• Units: 8
• Notes: Fully occupied, rent stabilized 8 unit building with non-conforming certificate of occupancy designating use as 4 apartments over 2 story day care