Updated Oct 29, 2024
Black Horse Capital Acquires Multi Family Property In Brooklyn's Bedford-Stuyvesant For $2.6M
201 Marion St, Brooklyn, NY 11233, USA
$2,625,000
$63/SF
Building Size
41,250 SF
Asset Type
MultiFamily
Closing
Jun 12, 2019
About this deal
AI
Located in the Brooklyn neighborhood of Bedford-Stuyvesant, the multi-family property at 201 Marion St recently changed hands in a closed transaction. The property spans across 4,125 square feet and was sold at a sale price of $2,625,000. With an asking price of $2,750,000, the property was sold at a rate of $636 per square foot. The asset was purchased by Black Horse Capital, represented by Stefanie Rosenzweig and Christopher Terlik. On the other hand, the seller, Candor Capital, was represented by Charles Wurzberger.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $2,625,000
- Address: 201 Marion St, Brooklyn, Bedford-Stuyvesant
- Square Footage: 4,125
- Market: Brooklyn, Bedford-Stuyvesant
- Seller: Candor Capital - Charles Wurzberger
- Buyer: Black Horse Capital - Stefanie Rosenzweig and Christopher Terlik
- Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila
This transaction involved various individuals and companies. The buyer, Black Horse Capital, was represented by Stefanie Rosenzweig and Christopher Terlik, while the seller, Candor Capital, was represented by Charles Wurzberger. The deal was facilitated by brokers Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93