Putnam Heights Acquires Brooklyn Property At 758 Putnam Ave For $1.2M With Seller's Rep Daniel Hakimian
758 Putnam Ave, Brooklyn, NY, 11221
$1,200,000
$467/SF
Building Size
2,565 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property located at 758 Putnam Ave, Brooklyn, NY, 11221 was sold for $1,200,000.00. This asset offers a total square footage of 2,565 and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,200,000.00
- Address: 758 Putnam Ave, Brooklyn, NY, 11221
- Square Footage: 2,565
- Market: Brooklyn
- Seller's Representative: Daniel Hakimian-HPNY
- Buyer: Putnam Heights
The transaction involved key individuals, notably the seller's representative Daniel Hakimian, who is affiliated with HPNY, and the buyer identified as Putnam Heights, highlighting the connection between the parties involved in this real estate exchange.
On the Map
$1,200,000
$467/SF
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Players
Brooklyn CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93