Updated Sep 11, 2026
Carlyle Group Acquires Multifamily Property In Bushwick For $3.62M
1228 Putnam Avenue
$3,617,180
$709/SF
Building Size
5,095 SF
Asset Type
MultiFamily
Closing
May 16, 2024
About this deal
AI
The multifamily property located at 1228 Putnam Avenue in Bushwick, Brooklyn, was sold for $3,617,180. This property consists of 6 units with a total area of 5,095 square feet, resulting in a price per unit of $602,863 and a price per square foot of $710.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,617,180
- Address: 1228 Putnam Avenue
- Market: Bushwick, Brooklyn
- Units: 6
- SF: 5,095
- PPU: $602,863
- PPSF: $710
David Chang from Compass represented the buyer, Carlyle Group, in this transaction. The seller, represented by Mark Martov from The Corcoran Group, successfully closed the deal for this multifamily property.
On the Map
$3,617,180
$709/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.39%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93