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.
Players
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