Updated Dec 18, 2023
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
About this deal
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.
On the Map
$3,875,000
$756/SF
MultiFamily
View full map
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Anshel Fridman to view all their deals.
Browse New York multifamily sales on Traded.
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