Wayne Yun Purchases Multifamily Property At 236a Putnam Avenue Brooklyn For $3.25M
SOLD
New York
See Similar DealsMultiFamily3,300 SF
Sold 07/02/2024
SOLD
Wayne Yun Purchases Multifamily Property At 236a Putnam Avenue Brooklyn For $3.25M
236a Putnam Avenue
See Similar DealsMultiFamily3,300 SF
Sold 07/02/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$984
Total Square Footage:3,300 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 236a Putnam Avenue in the Brooklyn market. The sale price was $3,250,000, with a total square footage of 3,300, resulting in a price per square foot of $984.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Address: 236a Putnam Avenue
- Market: Brooklyn
- Square Footage: 3,300
- Price Per Square Foot: $984
- Buyer: Wayne Yun
- Brokers: Afik Even & Sarig Brand - Massada Home Sales
Afik Even and Sarig Brand represented the buyer in this transaction. The brokers secured a direct deal, going into contract in just 26 days and achieving full asking price, underscoring their neighborhood expertise.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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