facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

325 Putnam Ave, Brooklyn, N...

Joe Lichtman Acquires Multifamily Property In Bedford Stuyvesant For $2.15M
SOLDMultiFamily

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

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker

Joe Lichtman

Buyer

$24.5M

vol

7 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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