Nest Seekers Sells Bedford-Stuyvesant Multifamily For $7.036M
850 Putnam Avenue
$7,036,000
$789/SF
Building Size
8,909 SF
Asset Type
—
Closing
Aug 5, 2022
AI
The multifamily property located at 850 Putnam Ave. in Bedford-Stuyvesant has been sold. The property consists of 8 units with a total square footage of 8,909. The sale price for this transaction was $7,036,000, resulting in a price per unit of $879,500 and a price per square foot of $789.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,036,000
- Address: 850 Putnam Ave.
- Market: Bedford-Stuyvesant
- Seller: 850 Putnam Avenue Development - Carmen Yu
- Broker: Yitzchak Khaimov - Nest Seekers
The sale was facilitated by Yitzchak Khaimov of Nest Seekers, who successfully sold another new development project in record time. For any inquiries regarding the sales and marketing of upcoming projects, Yitzchak can be contacted at [email protected].
Players
New York 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
2.25%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93