Updated Sep 14, 2026
Michael Rothstein Acquires Multifamily Property In Midwood, Brooklyn From Neil Fink For $4.5M
1530 East 18th Street
$4,500,000
$82/SF
Building Size
54,300 SF
Asset Type
MultiFamily
Closing
Jun 23, 2026
About this deal
AI
1530 East 18th Street is a multifamily property located in Midwood, Brooklyn, encompassing a total area of 54,300 square feet. The property was sold for $4,500,000, resulting in a per square foot price of $83.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,500,000
- Sale Date: June 23, 2026
- Buyer: Michael Rothstein
- Seller: Neil Fink
- Market: Midwood, Brooklyn
- Square Footage: 54,300
- Price Per Square Foot: $83
Michael Rothstein completed the acquisition of the property from Neil Fink, marking the transaction in a notable area of Brooklyn, recognized for its multifamily housing dynamics.
On the Map
$4,500,000
$82/SF
MultiFamily
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Brooklyn 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93