Joseph Oved Purchases Multifamily Property At 1826 East 8th Street From Joseph And Adelle Soffer For $4.8M
1826 East 8th Street
$4,800,000
$2,018/SF
Building Size
2,378 SF
Asset Type
MultiFamily
Closing
Mar 12, 2026
AI
Joseph Oved purchased a multifamily property located at 1826 East 8th Street in Brooklyn’s Homecrest neighborhood. The total sale price for the asset was $4.8 million, with a total square footage of 2,378, reflecting a price per square foot of approximately $2,019.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,800,000
- Address: 1826 East 8th Street
- Market: Homecrest, Brooklyn
- Square Footage: 2,378
- Price Per Square Foot: $2,019
- Buyer: Joseph Oved
- Seller: Joseph Soffer & Adelle Soffer
Joseph Oved was the buyer, while Joseph Soffer and Adelle Soffer acted as the sellers in this transaction. This deal represents a significant investment in the multifamily property market within the Homecrest area of Brooklyn.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93