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The Hagood Family Sells Mixed-Use Portfolio At 39-43 Putnam Avenue For $7.625M

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SOLD
$7,625,000

New York

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Mixed-use11,969 SF
Sold 12/18/2025
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Property Image
SOLD

The Hagood Family Sells Mixed-Use Portfolio At 39-43 Putnam Avenue For $7.625M

39 Putnam Avenue

See Similar Deals
Mixed-use11,969 SF
Sold 12/18/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$637
Total Square Footage:11,969 SF
Transaction Type:Sale

This mixed-use asset is located at 39-43 Putnam Avenue in the Clinton Hill market. The property encompasses a total square footage of 11,969 and was sold for a price of $7,625,000, resulting in a price per square foot of $637.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,625,000
  • Square Footage: 11,969
  • Price per Square Foot: $637
  • Address: 39-43 Putnam Avenue
  • Market: Clinton Hill
  • Seller: The Hagood Family
  • Brokers: Shaun Riney, Andrew Bronsteen & Jason Farese - Marcus & Millichap

The deal involved the management of three separate transactions with various buyer profiles, including an end-user, a condo developer, and a syndication fund. The sellers expressed appreciation for the professionalism, industry knowledge, responsiveness, and ease of communication provided by the brokers involved in the transaction.

Players

Andrew Bronsteen
64 deals$257.5M volume
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

Jason Farese
Marcus & Millichap
24 deals$84.6M volume(718) 475-4352
BROKER

Details

SOLD
IMAGE: Jason Farese, Shaun Riney & Andrew Bronsteen DATE: 12/18/2025 ADDRESS: 39-43 Putnam Avenue MARKET: Clinton Hill ASSET TYPE: Mixed-use SELLER: The Hagood Family BROKERS: Shaun Riney (@ShaunRiney1), Andrew Bronsteen (@BKBronsteen) & Jason Farese (@JrFaresenymf) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $7,625,000 SF: 11,969 ~ PPSF: $637 BROKERS NOTE: This was a three building legacy portfolio sale at one of the most booming intersections in Clinton Hill. Managed to facilitate three separate transactions with diverse buyer profiles consisting of an end-user, a condo developer, and a syndication fund. From the seller “I can’t say enough about Andrew, Shaun and Jason’s professionalism, depth of knowledge of the industry, their responsiveness and the ease of communication. We thank them and Marcus & Millichap for a wonderful experience”.

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