The Hagood Family Sells Mixed-Use Portfolio At 39-43 Putnam Avenue For $7.625M
39 Putnam Avenue
$7,625,000
$637/SF
Building Size
11,969 SF
Asset Type
Mixed-use
Closing
Dec 17, 2025
About this deal
AI
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.
On the Map
$7,625,000
$637/SF
Mixed-use
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Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.08%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93