Updated Aug 6, 2026
Gutnick Family Purchases 1531 President Street Multifamily From Kevin Jeffrey For $2.4M
1531 President Street
$2,400,000
$1,151/SF
Building Size
2,084 SF
Asset Type
MultiFamily
Closing
Jul 24, 2026
About this deal
AI
The transaction involves a MultiFamily asset located at 1531 President Street in Brooklyn. The sale price for the property was $2,400,000, with a total square footage of 2,084 and a price per square foot of $1,151.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,400,000
- Address: 1531 President Street
- Market: Brooklyn
- Square Footage: 2,084
- Price per Square Foot: $1,151
- Buyer: Gutnick Family
- Seller: Kevin Jeffrey
- Broker: Margula Roumani - Douglas Elliman
The broker representing this transaction is Margula Roumani from Douglas Elliman, who facilitated the deal between the buyer, Gutnick Family, and the seller, Kevin Jeffrey.
On the Map
$2,400,000
$1,151/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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93