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
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