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@OrenNeria Acquires Multifamily Property In Bedford Stuyvesant For $1M

Property Image
SOLD
$1,000,000
Marcel Fridman
ON

New York

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MultiFamily27,000 SF
Sold 06/04/2020
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Property Image
SOLD

@OrenNeria Acquires Multifamily Property In Bedford Stuyvesant For $1M

173 Malcolm X Blvd, Brooklyn, NY 11221, USA

See Similar Deals
MultiFamily27,000 SF
Sold 06/04/2020
Marcel Fridman
ON
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$37
Total Square Footage:27,000 SF
Transaction Type:Sale

The multifamily property located at 173 Malcolm X Blvd in Bedford Stuyvesant has been sold for a price of $1,000,000. The property spans across 2,700 square feet and has a price per square foot of $370. It consists of 4 units, with each unit costing $250,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Square Footage: 2,700
  • Price per Square Foot: $370
  • Units: 4
  • Price per Unit: $250,000

The seller of the property was Alvin Griffith, while the buyer was @OrenNeria. The transaction was facilitated by Marcel Fridman from 's REP Marcel Fridman. The deal was successfully closed in just 10 days from the signing of the contract.

Players

Marcel Fridman
Barcel Group
Marcel Fridman
141 deals$451.5M volume
BROKER
ON
Oren Neria
4 deals$12.2M volume
BUYER

Details

SOLD
IMAGE: Marcel Fridman DATE: 06/04/2020 ADDRESS: 173 Malcolm X Blvd MARKET: Bedford Stuyvesant ASSET TYPE: Multifamily SALE PRICE: $1,000,000 SF: 2,700 PPSF: $370 UNITS: 4 PPU: $250,000 SELLER: Alvin Griffith BUYER: @OrenNeria BROKER: Marcel Fridman NOTE: Closed in 10 days from contract signing

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Debt Service Coverage Ratio (DSCR)

0.94x

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