Emet Equities Sells Multifamily Property On 249 Putnam Ave., Brooklyn To Jaanki Patel For $2.45M
249 Putnam Avenue, Brooklyn, NY 11216
$2,450,000
$918/SF
Building Size
2,668 SF
Asset Type
MultiFamily
Closing
Jul 22, 2020
AI
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
New York 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93