Updated Oct 25, 2024
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
About this deal
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.
On the Map
$2,150,000
$44/SF
MultiFamily
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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