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

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.