facebook
Traded Co logo
Submit

Emet Equities Sells Multifamily Property On 249 Putnam Ave., Brooklyn To Jaanki Patel For $2.45M

Property Image
SOLD
$2,450,000
Timothy "Tim" Malone
Sarig Brand

New York

See Similar Deals
MultiFamily2,668 SF
Sold 07/22/2020
the dealplayerscompscontact
Property Image
SOLD

Emet Equities Sells Multifamily Property On 249 Putnam Ave., Brooklyn To Jaanki Patel For $2.45M

249 Putnam Avenue, Brooklyn, NY 11216

See Similar Deals
MultiFamily2,668 SF
Sold 07/22/2020
Timothy "Tim" Malone
Sarig Brand
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$918
Total Square Footage:2,668 SF
Transaction Type:Sale

Located at 249 Putnam Ave in Brooklyn, this multifamily property was recently sold for a price of $2,450,000. With a total square footage of 2,668, the sale price per square foot was calculated to be $918. The property is zoned as R6B, allowing for multiple units.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,450,000
  • Address: 249 Putnam Ave, Brooklyn
  • Market: Brooklyn
  • Zoning: R6B

The buyer in this transaction was Jaanki Patel, while the seller was Emet Equities. The deal was facilitated by three brokers: Sarig Brand, Afik Even, and Tim Malone of Massada Home Sales.

Players

Sarig Brand
Sarig Brand
19 deals$51M volume(917) 583-6706
BROKER
Timothy "Tim" Malone
Douglas Elliman
Timothy Malone
2 deals$18M volume
BROKER
EE
Emet Equities
SELLER

Details

SOLD
IMAGE: Sarig Brand, Tim Malone & Afik Even DATE: 07/22/2021 ADDRESS: 249 Putnam Ave. MARKET: Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Jaanki Patel SELLER: Emet Equities BROKERS: Sarig Brand (@BrandRealtyNYC), Afik Even (@AEBrownStones) & Tim Malone (@TimPMaloneNYC) @MassadaHomeSales SALE PRICE: $2,450,000 SF: 2,668 ~ PPSF: $918

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$130,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00