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Carlyle Group Acquires Multifamily Property In Bedford Stuyvesant, Brooklyn For $4.75M
SOLD
$4,750,000
New York
See Similar DealsMultiFamily5,603 SF
Sold 06/02/2023
SOLD
Carlyle Group Acquires Multifamily Property In Bedford Stuyvesant, Brooklyn For $4.75M
212 Malcolm X Boulevard Brooklyn, NY 11221, USA
See Similar DealsMultiFamily5,603 SF
Sold 06/02/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$847
Total Square Footage:5,603 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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