@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
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.
Players
New York 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93