Updated Dec 11, 2025
Ernestine Auguste Sells Multifamily Property At 1659 President Street Brooklyn For $1.67M
1659 President Street
$1,670,000
$415/SF
Building Size
4,020 SF
Asset Type
MultiFamily
Closing
Nov 9, 2025
About this deal
AI
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.
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
9.50%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93