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201 Marion St, Brooklyn, NY...

Updated Oct 29, 2024

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

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

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$285M

vol

109 deals

Broker
BC
Black Horse CapitalBuyer

Christopher Terlik

Black Horse Capital

Buyer

$6.6M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $63 per square foot on a published $2.6M for 41,250 square feet (2019).

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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

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