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1651 79th Street

Ming Fu Chen, Wei Xing Lu, Ping Jiang & Zai An Zhu Purchase Brooklyn Multifamily From Antonetta Pollina For $1.94M
SOLDMultiFamily

Ming Fu Chen, Wei Xing Lu, Ping Jiang & Zai An Zhu Purchase Brooklyn Multifamily From Antonetta Pollina For $1.94M

1651 79th Street

$1,940,000

$591/SF

Building Size

3,280 SF

Asset Type

MultiFamily

Closing

Jan 27, 2026

AI

The multifamily asset located at 1651 79th Street in Brooklyn was sold for $1,940,000. This property consists of 4 units and has a total square footage of 3,280, which equates to a price per unit of $485,000 and a price per square foot of $591.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,940,000
  • Units: 4
  • Square Footage: 3,280
  • Price Per Unit: $485,000
  • Price Per Square Foot: $591
  • Buyer: Ming Fu Chen, Wei Xing Lu, Ping Jiang & Zai An Zhu
  • Seller: Antonetta Pollina
  • Buyer's Representative: Billy Apter - Re/Max
  • Seller's Representative: Vito Angelo - Re/Max

This transaction involved significant representation from both sides, with Vito Angelo representing the seller Antonetta Pollina and Billy Apter representing the buyers Ming Fu Chen, Wei Xing Lu, Ping Jiang, and Zai An Zhu. The brokers are noted as top producing agents in the real estate market.

Players

Vito Angelo

Re/Max

Broker

$79M

vol

39 deals

Broker

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

8.18%

Cash-on-Cash

-2.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93