Updated Dec 21, 2023
Hirshmark Capital Acquires Multi Family Property In Brooklyn For $2.25M
498 Putnam Ave, Brooklyn, NY 11221, USA
Building Size
9,200 SF
Asset Type
MultiFamily
Closing
Nov 28, 2020
About this deal
AI
The multi-family property located at 498 Putnam Ave in Brooklyn, New York has been sold for a price of $2,250,000. Spanning a total area of 9,200 square feet, the property was purchased at an average price per square foot of $245.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $2,250,000
- Address: 498 Putnam Ave, Brooklyn, New York
- Market: Brooklyn
The seller of the property was the Cohan Family, while the buyer was Hirshmark Capital.
Traded’s record for 498 Putnam Ave, Brooklyn, NY 11221, USA in New York, New York covers a multifamily sale from 2020. The building is 9,200 square feet, implying about 0 per square foot on the published price. This page is the New York, New York file for the 498 Putnam Ave, Brooklyn, NY 11221, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 498 Putnam Ave, Brooklyn, NY 11221, USA around 2020. Cite this Hirshmark Capital Acquires Multi Family Property In Brooklyn For $2.25M sale when underwriting similar multifamily product around New York, New York.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93