Carlyle Group Acquires Multifamily Property In Bushwick For $3.62M
SOLD
$3,617,180
New York
See Similar DealsMultiFamily5,095 SF
Sold 05/16/2024
SOLD
Carlyle Group Acquires Multifamily Property In Bushwick For $3.62M
1228 Putnam Avenue
See Similar DealsMultiFamily5,095 SF
Sold 05/16/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$709
Total Square Footage:5,095 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,916.27
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,851.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,147.28
Annual Debt Service$205,767.34
Is there something missing? Send suggestions