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.
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