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Stein Family Acquires Multifamily Property In Bedforf-Stuyvesant For $3.8M

Property Image
SOLD
$3,785,000

New York

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MultiFamily9,000 SF
Sold 09/23/2022
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Property Image
SOLD

Stein Family Acquires Multifamily Property In Bedforf-Stuyvesant For $3.8M

321 Malcolm X Boulevard

See Similar Deals
MultiFamily9,000 SF
Sold 09/23/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$420
Total Square Footage:9,000 SF
Transaction Type:Sale

The multifamily property located at 321 Malcolm X Blvd. in the Bedford-Stuyvesant market has been sold. The transaction took place on 09/23/2022. The property, which spans 9,000 square feet, consists of 9 units. It was sold for a total price of $3,785,000, resulting in a price per unit of $420,555 and a price per square foot of $420.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,785,000
  • Address: 321 Malcolm X Blvd., Bedford-Stuyvesant
  • Market: Bedford-Stuyvesant
  • Buyer: Stein Family
  • Seller: Witnick Properties
  • Broker: Marcel Fridman - Barcel Group
  • Units: 9
  • Price per Unit: $420,555
  • Square Footage: 9,000
  • Price per Square Foot: $420

The transaction was facilitated by the broker Marcel Fridman from Barcel Group, who represented the buyer, Stein Family, and worked with the seller, Witnick Properties. They successfully negotiated the sale of the multifamily property at 321 Malcolm X Blvd. in Bedford-Stuyvesant.

Players

Marcel Fridman
141 deals$451.5M volume
BROKER


Witnick Real Estate Partners
SELLER

Details

SOLD
IMAGE: Marcel Fridman DATE: 09/23/2022 ADDRESS: 321 Malcolm X Blvd. MARKET: Bedforf-Stuyvesant ASSET TYPE: Multifamily BUYER: Stein Family SELLER: Witnick Properties BROKER: Marcel Fridman - Barcel Group SALE PRICE: $3,785,000 UNITS: 9 ~ PPU: $420,555 SF: 9,000 ~ PPSF: $420

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$13,447.31
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