Wayne Yun Purchases Multifamily Property At 236a Putnam Avenue Brooklyn For $3.25M
236a Putnam Avenue
$3,250,000
$984/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Jul 2, 2024
AI
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.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93