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238 Mulberry Street

Anders Sandro Acquires Multifamily Asset At 238 Mulberry Street From Michael Bennett For $9.25M
SOLDMultiFamily

Anders Sandro Acquires Multifamily Asset At 238 Mulberry Street From Michael Bennett For $9.25M

238 Mulberry Street

$9,250,000

$1,267/SF

Building Size

7,300 SF

Asset Type

MultiFamily

Closing

Mar 10, 2025

AI

The property asset involved in this transaction is a multi-family building located at 238 Mulberry Street in the New York market. The sale occurred on 03/10/2025, with a transaction amount of $9,250,000.00. This asset comprises 4 units and encompasses a total square footage of 7,300.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $9,250,000.00
  • Address: 238 Mulberry Street
  • Market: New York
  • Units: 4
  • Square Footage: 7,300.0
  • Buyer: Anders Sandro
  • Seller: Michael Bennett

Anders Sandro acted as the buyer in this transaction, while Michael Bennett served as the seller, facilitating the transfer of ownership for the multi-family property.

Players

Adelaide Polsinelli

Compass

Broker

$285M

vol

26 deals

Broker

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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93