Anthony Santorelli Acquires Multifamily Property In Stuyvesant Heights For $2.6M
199 Malcolm X Boulevard
$2,600,000
$555/SF
Building Size
4,680 SF
Asset Type
MultiFamily
Closing
May 28, 2024
AI
The multifamily property located at 199 Malcolm X Boulevard in Stuyvesant Heights, Brooklyn, was sold for $2,600,000. The property comprises 7 units with a price per unit of $371,429. Spanning 4,680 square feet, the property was purchased at a price per square foot of $556.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Buyer: Anthony Santorelli - TRG Equities
- Seller: AMS Acquisitions
- Address: 199 Malcolm X Boulevard
- Market: Stuyvesant Heights, Brooklyn
Anthony Santorelli of TRG Equities served as the buyer in this transaction, acquiring the multifamily property. On the selling side, AMS Acquisitions represented the seller. This deal, facilitated on 05/28/2024, marked a significant transaction within the Stuyvesant Heights market.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93