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1380 Putnam Avenue

Asad Mehmood Purchases 1380 Putnam Avenue Brooklyn Multifamily For $1.375M With Capri Jet Realty
SOLDMultiFamily

Asad Mehmood Purchases 1380 Putnam Avenue Brooklyn Multifamily For $1.375M With Capri Jet Realty

1380 Putnam Avenue

$1,375,000

$701/SF

Building Size

1,960 SF

Asset Type

MultiFamily

Closing

Jun 26, 2025

AI

1380 Putnam Avenue, located in Brooklyn, has been sold for $1,375,000. This multifamily property consists of 2 units, with a price per unit of $687,500. The property spans a total square footage of 1,960, translating to a price per square foot of $701.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,375,000
  • Address: 1380 Putnam Avenue
  • Market: Brooklyn
  • Units: 2
  • Price Per Unit: $687,500
  • Square Feet: 1,960
  • Price Per Square Foot: $701
  • Buyer: Asad Mehmood
  • Seller: Angel Chevalier & Marilu Chevalier
  • Seller's Representative: Robert Napolitano & Amani Joseph - Capri Jet Realty

The transaction was facilitated by Robert Napolitano and Amani Joseph from Capri Jet Realty, representing the sellers, Angel Chevalier and Marilu Chevalier. The property, described as a semi-detached 2-family with a driveway on an extra-large lot, was successfully sold through their efforts.

Players

Robert Napolitano

Capri Jet Realty

Broker

$36.9M

vol

15 deals

Broker
Capri Jet Realty
Capri Jet RealtyBrokerage

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

11.54%

Cash-on-Cash

-3.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93