Vadem Brodsky Acquires Crown Heights Multifamily From Anshel Fridman For $3.87M
SOLD
New York
See Similar DealsMultiFamily5,120 SF
Sold 07/31/2020
SOLD
Vadem Brodsky Acquires Crown Heights Multifamily From Anshel Fridman For $3.87M
1718 President St, Brooklyn, NY 11213, USA
See Similar DealsMultiFamily5,120 SF
Sold 07/31/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$756
Total Square Footage:5,120 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$206,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,767.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,369.48
Annual Debt Service$220,433.72
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