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Mikael Rapaport Acquires Multifamily Property In Bedford Stuyvesant For $1.3M

177 Madison Street
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This MultiFamily property located in NY was sold for $1,300,000 almost 5 years ago. The brokers of the deal were Michael "Mike" Peguero and Keith Arthur

A multifamily property located at 177 Madison Street in Bedford Stuyvesant, Brooklyn, was recently sold for $1,300,000. The property has a total of 3,168 square feet, resulting in a price per square foot of $410. The sale of the property took place on May 24, 2019. The sellers of the property were Awilda Cactus, Boyd Dennis Parrott, and Sarah Parrott, while the buyer was Mikael Rapaport. The transaction was represented by brokers @MikePeguero and Keith Arthur.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 177 Madison Street
  • Market: Bedford Stuyvesant
  • Square Footage: 3,168

It's worth noting that the property was delivered vacant in 'As Is' estate condition. The buyer, Mikael Rapaport, plans to undertake a complete gut renovation of the property to cater to an end user's needs. Additionally, the buyer's broker, @MikePeguero, is actively seeking redevelopment opportunities in prime Brooklyn neighborhoods.

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Deals
  • Location
    177 Madison Street, Bedford-Stuyvesant, Brooklyn, NY, USA177 Madison Street, Bedford-Stuyvesant, Brooklyn, NY, USA
  • Sale Price
    $1,300,000$1,300,000
    $410 PPSF$410 PPSF
  • Area
    3,168 SF3,168 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Michael "Mike" Peguero

Michael "Mike" Peguero

Deals2
Sold$1.3M

Agency

Compass

Compass

Agency
Deals2902
Volume$20.9B

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Deal Summary

SALE IMAGE: @MikePeguero and Keith Arthur DATE: 05/24/2019 ADDRESS: 177 Madison Street MARKET: Bedford Stuyvesant ASSET TYPE: Multifamily SELLER: Awilda Cactus, Boyd Dennis Parrott & Sarah Parrott BUYER: Mikael Rapaport BROKERS: @MikePeguero & Keith Arthur SALE PRICE: $1,300,000 SF: 3,168 ~ PPSF: $410 NOTE: Property was delivered vacant in ‘As Is’ estate condition and will be completely gut renovated for an end user. Buyer’s broker is actively looking for redevelopment opportunities in prime Brooklyn neighborhoods.

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177 Madison Street

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