Joe Lichtman Acquires Multifamily Property In Bedford Stuyvesant For $2.15M
325 Putnam Ave, Brooklyn, NY 11216, USA
$2,150,000
$44/SF
Building Size
48,720 SF
Asset Type
MultiFamily
Closing
Jan 29, 2020
AI
The multifamily property located at 325 Putnam Avenue in Bedford Stuyvesant has recently been sold for a price of $2,150,000. The property consists of 6 units and spans across a total of 4,872 square feet. The price per square foot for this transaction was $441, and the price per unit was approximately $358,333. The seller of the property was the Thompson family, while the buyer was Joe Lichtman. The transaction was facilitated by broker Marcel Fridman.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Address: 325 Putnam Avenue
- Market: Bedford Stuyvesant
- Square Footage: 4,872
- Price per Square Foot: $441
- Number of Units: 6
- Price per Unit: $358,333
Marcel Fridman, representing the buyer Joe Lichtman, was the broker involved in this transaction.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93