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227 Malcolm X Boulevard

Mordy Getz Purchases MultiFamily Property At 227 Malcolm X Boulevard For $2.095M From Mark Guindi
SOLDMultiFamily

Mordy Getz Purchases MultiFamily Property At 227 Malcolm X Boulevard For $2.095M From Mark Guindi

227 Malcolm X Boulevard

$2,095,000

$420/SF

Building Size

4,983 SF

Asset Type

MultiFamily

Closing

Jan 27, 2021

AI

The property asset involved in the transaction is located at 227 Malcolm X Boulevard in Brooklyn. The asset type is MultiFamily and features a total square footage of 4,983. The sale price for this property was $2,095,000.00.

Summary of transaction details:

The deal involved key individuals and brokerage representation, with Mordy Getz as the buyer and Mark Guindi as the seller. Multiple brokers facilitated the transaction, including Joseph Landau, Moshe Goldberger, Moshe Gelbstein, and Zachary Fuchs, all associated with GFI Realty Services.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker

Mordy Getz

Buyer

$2.3M

vol

4 deals

Buyer
Mark Guindi

Mark Guindi

Seller

$39.9M

vol

14 deals

Seller

Brooklyn 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

7.57%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93