Carlyle Group Acquires Multifamily Property In Bedford Stuyvesant, Brooklyn For $4.75M
212 Malcolm X Boulevard Brooklyn, NY 11221, USA
$4,750,000
$847/SF
Building Size
5,603 SF
Asset Type
MultiFamily
Closing
Jun 2, 2023
AI
The Carlyle Group has acquired a residential walkup located at 212 Malcolm X Boulevard in Bedford-Stuyvesant, Brooklyn. The property, consisting of seven apartments spread across four floors, was sold by Yecheil Klein for a total price of $4,750,000. The building has recently undergone renovations, adding a fresh appeal to its already charming features.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $4,750,000
- Square Footage: 5,603
- Price Per Square Foot: $848
- Market: Bedford Stuyvesant, Brooklyn
The deal was facilitated by Carter Martin from the Carlyle Group. As the representative for the buyer, Martin played a crucial role in finalizing the transaction. Yecheil Klein acted as the seller in this deal.
New York 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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93