Updated Dec 21, 2023
Owen Wright Acquires Multifamily Property In Bedford–Stuyvesant For $1.45M
129 Malcolm X Blvd, Bedford-Stuyvesant, Brooklyn, NY, USA
$1,450,000
$309/SF
Building Size
4,686 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
About this deal
AI
A multifamily property located at 129 Malcolm X. Blvd. in Bedford-Stuyvesant, Brooklyn, was recently sold for $1,450,000. The property has a total square footage of 4,686 and a price per square foot of $309. It consists of 8 units, with an average price per unit of $181,250. The transaction took place on November 30, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Tax Class: 2B
- Market: Bedford-Stuyvesant
Owen Wright purchased the property from Samuel Salamo, Mendy Wilhel, and Yossi Fried. The deal was facilitated by Josh Goldflam from Highcap Group, who represented the buyer. No additional information regarding the buyer, sellers, or brokers is available at this time.
Players
Brooklyn 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93