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850 Putnam Avenue

Nest Seekers Sells Bedford-Stuyvesant Multifamily For $7.036M
SOLD

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

Yitzchak Khaimov

Reavis Partners

Broker

$104.8M

vol

4 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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