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199 Malcolm X Boulevard

Anthony Santorelli Acquires Multifamily Property In Stuyvesant Heights For $2.6M
SOLDMultiFamily

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