facebook
Traded Co logo
Submit

Black Horse Capital Acquires Multi Family Property In Brooklyn's Bedford-Stuyvesant For $2.6M

Property Image
SOLD
$2,625,000
Steve Reynolds
Brian Davila
+ 2

New York

See Similar Deals
MultiFamily41,250 SF
Sold 06/13/2019
the dealplayerscompscontact
Property Image
SOLD

Black Horse Capital Acquires Multi Family Property In Brooklyn's Bedford-Stuyvesant For $2.6M

201 Marion St, Brooklyn, NY 11233, USA

See Similar Deals
MultiFamily41,250 SF
Sold 06/13/2019
Steve Reynolds
Brian Davila
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$63
Total Square Footage:41,250 SF
Transaction Type:Sale

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

Brian Davila
108 deals$283.4M volume(718) 360-8849
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Tom Reynolds
Investment Property Realty Group (IPRG)
98 deals$292.3M volume(718) 360-8817
BROKER

Steve Reynolds
Investment Property Realty Group (IPRG)
133 deals$364.4M volume(718) 360-8807
BROKER

BUYER

3 deals$6.6M volume
BUYER

Details

SOLD
IMAGE: Derek Bestreich, Steve Reynolds, Tom Reynolds and Brian Davila DATE: 06/13/2019 ADDRESS: 201 Marion St MARKET: Brooklyn, Bedford-Stuyvesant ASSET TYPE: Multi Family ASKING PRICE: $2,750,000 SALE PRICE: $2,625,000 SF: 4,125 PPSF:$636 SELLER: Candor Capital – Charles Wurzberger BUYER: Black Horse Capital – Stefanie Rosenzweig and Christopher Terlik BROKERS: Derek Bestreich, Steve Reynolds, Tom Reynolds, […]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$139,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,326.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,443.84
Annual Debt Service$149,326.07