Ashkan Yashar Of Green Zone Developers And Kia Moosazadeh Sell Brooklyn Multifamily For $3.39M
481 Putnam Avenue
$3,390,000
$941/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Aug 23, 2024
AI
The property involved in this transaction is a multifamily asset located at 481 Putnam Avenue in the Brooklyn market. The sale price was $3,390,000, consisting of 2 units with a price per unit of $1,695,000. The property has a total square footage of 3,600 and a price per square foot of $941.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,390,000
- Units: 2
- Price Per Unit: $1,695,000
- Square Footage: 3,600
- Price Per Square Foot: $941
- Seller: Ashkan Yashar - Green Zone Developers & Kia Moosazadeh, Sam Rosh - Pristine Developers
- Broker: Daniel Kandinov, Natalia Kaminskaya & Riley O'Donnell - The DNK Team - The Corcoran Group
Notably, the sellers are capable of high-end custom jobs and currently have ongoing developments in the area. They are actively seeking to acquire properties of any asset class, regardless of condition or occupancy status, with a preference for quick and easy closings.
Brooklyn 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
4.68%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93