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212 Malcolm X Boulevard Bro...

Carlyle Group Acquires Multifamily Property In Bedford Stuyvesant, Brooklyn For $4.75M
SOLDMultiFamily

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.

Players

Carter Martin

Carlyle Group

Buyer

$146M

vol

28 deals

Buyer

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