Vadem Brodsky pays $3.9M for property in Crown Heights with 37-unit building planned

Vadem Brodsky through the entity 1720 Operator LLC paid Anshel Fridman $3.9 million for 1718 President Street in Crown Heights. The deal closed on July 31, 2020, and was recorded on August 31, 2020. The transaction consists of 1 parcel, including the tax class two-family, brick (B1) and containing 4 residential units.
In February 2020, the seller filed plans for a 37-unit residential building on the lot.

The contract date was December 31, 2019. The last time the property sold was March 7, 2018, for $1,150,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There has been one new building permit application totaling 27,246 square feet. Those plans include a total of 37 residential or hotel units. There have been 2 demolition projects filed over the past five years. The demolition included 3 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link