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1718 President St, Brooklyn...

Vadem Brodsky Acquires Crown Heights Multifamily From Anshel Fridman For $3.87M
SOLDMultiFamily

Vadem Brodsky Acquires Crown Heights Multifamily From Anshel Fridman For $3.87M

1718 President St, Brooklyn, NY 11213, USA

$3,875,000

$756/SF

Building Size

5,120 SF

Asset Type

MultiFamily

Closing

Jul 30, 2020

AI

The multifamily property located at 1718 President Street in Crown Heights was sold on July 31, 2020. The property spans 5,120 square feet and has a price per square foot of $756. It consists of 4 units, with a price per unit of $968,750. The property is zoned as R7-1. The previous sale of the property took place on March 7, 2018, for a price of $1,150,000.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Date: 07/31/2020
  • Last Sale Date: 03/7/2018
  • Address: 1718 President Street
  • Market: Crown Heights
  • Price: $3,875,000
  • Square Footage: 5,120
  • Price per Square Foot: $756
  • Units: 4
  • Price per Unit: $968,750
  • Zoning: R7-1
  • Last Sale Price: $1,150,000 (3/2018)

The buyer of the property was Vadem Brodsky, while the seller was Anshel Fridman.

Players

Vadem Brodsky

Buyer

$26.9M

vol

4 deals

Buyer

Anshel Fridman

Seller

$143M

vol

8 deals

Seller

New York 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

4.09%

Cash-on-Cash

-1.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93