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226 Putnam Avenue

Jeffrey Miller, Russel Sharp, Jake Hauss & Max Uhlenbeck Acquire Condo In Brooklyn For $4.51M
SOLDCondo

Jeffrey Miller, Russel Sharp, Jake Hauss & Max Uhlenbeck Acquire Condo In Brooklyn For $4.51M

226 Putnam Avenue

$4,510,000

$1,192/SF

Building Size

3,781 SF

Asset Type

Condo

Closing

Mar 30, 2025

AI

The property involved in this transaction is a condo located at 226 Putnam Avenue, Brooklyn. The sale price of the condo was $4,510,000. It has a total square footage of 3,781 with a per square foot price of $1,192.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $4,510,000
  • Address: 226 Putnam Avenue
  • Market: Brooklyn
  • Square Footage: 3,781
  • Price per Square Foot: $1,192
  • Buyer(s): Jeffrey Miller, Russel Sharp, Jake Hauss & Max Uhlenbeck
  • Seller(s): Itay Gamlieli & Ofir Badash
  • Broker: David Avgi - Avenues Real Estate

The deal involved multiple buyers, namely Jeffrey Miller, Russel Sharp, Jake Hauss, and Max Uhlenbeck, purchasing the property from sellers Itay Gamlieli and Ofir Badash. David Avgi represented the transaction as a broker through Avenues Real Estate, bringing expertise and local knowledge to the process.

Players

David Avgi

Avenues Real Estate

Broker

$81.2M

vol

24 deals

Broker
Ofir Badash

Ofir Badash

Seller

$26.2M

vol

10 deals

Seller

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

3.52%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93