Updated Sep 4, 2026
Lichtman Family Acquires Multifamily Property At 376 Montgomery Street For $2.7M With Broker Marcel Fridman
376 Montgomery Street
$2,700,000
$310/SF
Building Size
8,700 SF
Asset Type
MultiFamily
Closing
May 29, 2025
About this deal
AI
The property asset involved in the transaction is a multifamily unit located at 376 Montgomery Street in the Crown Heights market. The sale price of the asset was $2,700,000, consisting of 8 units. The total square footage of the property is 8,700, which results in a price per square foot of $310 and a price per unit of $337,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 8
- Square Footage: 8,700
- Price per Unit: $337,500
- Price per Square Foot: $310
- Buyer: Lichtman Family
- Seller: Nathan Obtsfeld
- Broker: Marcel Fridman - Barcel Group
- Property Status: Fully vacant at closing
This transaction involved significant parties including the Lichtman Family as the buyer and Nathan Obtsfeld as the seller. The representation in this deal was handled by broker Marcel Fridman from Barcel Group, facilitating the transaction between the involved parties.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93