Updated Jun 30, 2026
Joshua Rubenstein Purchases Multi-Family Property In Borough Park Brooklyn For $5 Million
1670 42nd Street
$5,000,000
$627/SF
Building Size
7,965 SF
Asset Type
MultiFamily
Closing
Jun 11, 2026
About this deal
AI
A multi-family property located at 1670 42nd Street in Borough Park, Brooklyn has been sold. The transaction occurred with a sale price of $5,000,000 for the 7,965-square-foot asset, which equates to approximately $628 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,000,000
- Address: 1670 42nd Street
- Market: Borough Park, Brooklyn
- Square Footage: 7,965
- Price per Square Foot: $628
- Buyer: Joshua Rubenstein
- Seller: Solomon Reichman
The deal involved Joshua Rubenstein as the buyer purchasing from seller Solomon Reichman. This transaction highlights the direct engagement between the two parties in the multi-family real estate market.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93