Updated Dec 19, 2023
@OrenNeria Acquires Multifamily Property In Bedford Stuyvesant For $1M
173 Malcolm X Blvd, Brooklyn, NY 11221, USA
$1,000,000
$37/SF
Building Size
27,000 SF
Asset Type
MultiFamily
Closing
Jun 3, 2020
About this deal
AI
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.
On the Map
$1,000,000
$37/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93