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
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