Joseph Safdie Acquires 9-Unit Stabilized Multifamily Building In Brooklyn For $1.775M

A multifamily property located at 1809 Beverley Rd. in Brooklyn has been sold. The property is zoned as R7A and falls under tax class 2B. The sale took place on August 31, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,775,000
• Address: 1809 Beverley Rd.
• Market: Brooklyn
• Zoning: R7A
• Tax Class: 2B

The buyer of the property is Joseph Safdie. You can find more information about Joseph Safdie on his Instagram profile (https://www.instagram.com/jsafpropertymanagement/) and LinkedIn profile (https://www.linkedin.com/in/joe-safdie-08244484/). Joseph Safdie is also associated with Jsaf Property Management on LinkedIn (https://www.linkedin.com/company/67688661/) and Safdie Realty Group on Instagram (https://www.instagram.com/safdie_realty_group/) and LinkedIn (https://www.linkedin.com/company/safdie-realty-group).

The asking price for the property was $1,900,000, while the final sale price was $1,775,000. The property has a building square footage (BSF) of 20,000 and a price per BSF (PPBSF) of $88. The total square footage (SF) of the property is 14,100, with a price per square foot (PPSF) of $125.

Another successful closing of this beautiful 9-unit stabilized building. Shout out to Jsaf Management for assisting with the due diligence process and taking over management. For more information, contact [email protected].

Joseph Safdie is actively looking to purchase 3-5 family properties and existing buildings with 6-50 units, as well as properties for ground-up construction. If you have any opportunities, you can reach out to Joe Safdie at [email protected].