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
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