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41 Putnam Avenue

Guy Zucker Purchases MultiFamily Property From The Hagood Family For $2.525M In Clinton Hill
SOLDMultiFamily

Guy Zucker Purchases MultiFamily Property From The Hagood Family For $2.525M In Clinton Hill

41 Putnam Avenue

$2,525,000

$609/SF

Building Size

4,140 SF

Asset Type

MultiFamily

Closing

Aug 21, 2025

AI

The property asset involved in this transaction is a MultiFamily building located at 41 Putnam Avenue in the Clinton Hill neighborhood of Brooklyn. The transaction was finalized for a total amount of $2,525,000. The building consists of 4 units and encompasses a total square footage of 4,140, resulting in a price per unit of $631,250 and a price per square foot of $609.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,525,000
  • Units: 4
  • Square Footage: 4,140
  • Price per Unit: $631,250
  • Price per Square Foot: $609
  • Buyer: Guy Zucker
  • Seller: The Hagood Family
  • Brokers: Shaun Riney, Jason Farese & Andrew Bronsteen - Marcus & Millichap
  • Date of Transaction: 8/22/2025

The key individuals involved in this deal include the buyer Guy Zucker and the seller, The Hagood Family. The transaction was represented by brokers Shaun Riney, Jason Farese, and Andrew Bronsteen from Marcus & Millichap, ensuring effective communication and facilitation throughout the process.

Players

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Brooklyn 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

6.28%

Cash-on-Cash

-1.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93