Natanel Malkoukian, Yitzchak Khaimov & Sammy Noiman Represent New Development Condo Sale For $14.75M In Brooklyn
1218 Putnam Avenue
$14,750,000
$1,105/SF
Building Size
13,339 SF
Asset Type
Condo
Closing
Dec 17, 2025
AI
A condo property transaction took place at 1218-1222 Putnam Avenue in Brooklyn, involving a total sale price of $14,750,000. The property encompasses 13,339 square feet, resulting in a price per square foot of $1,105.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $14,750,000
- Square Footage: 13,339
- Price per Square Foot: $1,105
- Address: 1218-1222 Putnam Avenue
- Market: Brooklyn
The transaction was represented by brokers Natanel Malkoukian, Yitzchak Khaimov, and Sammy Noiman from Reavis Development Marketing. This deal reflects a new development condominium sellout.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93