Park Family Acquires Mixed-Use Building At 14 Putnam Avenue & 1015 Fulton Street For $3.85M

Mixed-use building located at 14 Putnam Avenue & 1015 Fulton Street in Clinton Hill has been sold for $3,850,000. The property encompasses a total of 4,350 square feet, marking a price per square foot of $885. This fully free-market asset is described as a block-through building situated in a rapidly developing area of Clinton Hill.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,850,000
• Address: 14 Putnam Avenue & 1015 Fulton Street
• Market: Clinton Hill
• Square Footage: 4,350
• Price Per Square Foot: $885
• Buyer: Park Family
• Broker's Representatives: Shaun Riney & Andrew Bronsteen - Marcus & Millichap

The transaction was represented by brokers Shaun Riney and Andrew Bronsteen from Marcus & Millichap. They noted that this sale represents the fifth building sold in the vicinity within a one-block radius over the past three years, indicating a strong demand for property in this specific area.