Ernestine Auguste Sells Multifamily Property At 1659 President Street Brooklyn For $1.67M
SOLD
$1,670,000
New York
See Similar DealsMultiFamily4,020 SF
Sold 11/09/2025
SOLD
Ernestine Auguste Sells Multifamily Property At 1659 President Street Brooklyn For $1.67M
1659 President Street
See Similar DealsMultiFamily4,020 SF
Sold 11/09/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$415
Total Square Footage:4,020 SF
Transaction Type:Sale
This multifamily asset located at 1659 President Street in Brooklyn has been sold for $1,670,000. The property comprises 2 units and spans a total of 4,020 square feet, with a price per unit of $835,000 and a price per square foot of $415.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,670,000
- Units: 2
- Square Footage: 4,020
- Price per Unit: $835,000
- Price per Square Foot: $415
- Seller: Ernestine Auguste
- Broker: Valerie Sebbag - 555 Properties LLC
Valerie Sebbag represented the seller in this transaction, facilitating the sale of the property in the Brooklyn market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,933.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,916.65
Annual Debt Service$94,999.82
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