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

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.