Guy Zucker Purchases MultiFamily Property From The Hagood Family For $2.525M In Clinton Hill
SOLD
$2,525,000
New York
See Similar DealsMultiFamily4,140 SF
Sold 08/22/2025
SOLD
Guy Zucker Purchases MultiFamily Property From The Hagood Family For $2.525M In Clinton Hill
41 Putnam Avenue
See Similar DealsMultiFamily4,140 SF
Sold 08/22/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$609
Total Square Footage:4,140 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$134,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,970.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,969.79
Annual Debt Service$143,637.46
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