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645 Putnam Avenue

Cohabs Acquires Multifamily Property On Putnam Avenue In Bedford-Stuyvesant For $3.05M
SOLDMultiFamily

Cohabs Acquires Multifamily Property On Putnam Avenue In Bedford-Stuyvesant For $3.05M

645 Putnam Avenue

$3,050,000

$468/SF

Building Size

6,509 SF

Asset Type

MultiFamily

Closing

Jan 27, 2023

AI

A multifamily property located at 645 Putnam Avenue in Bedford-Stuyvesant has been sold for $3,050,000. The property consists of 4 units with an average price per unit of $762,500. The total square footage of the property is 6,509, resulting in a price per square foot of $469.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,050,000
  • Address: 645 Putnam Avenue
  • Market: Bedford-Stuyvesant

The buyer of the property is Cohabs, represented by James Grasso. The seller is Ensman Alexander. The deal was facilitated by brokers Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Investment Property Realty Group (IPRG).

Note: No additional information available.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$283.4M

vol

108 deals

Broker
James Grasso

James Grasso

Cohabs

Buyer

$39.6M

vol

11 deals

Buyer

Bedford-Stuyvesant 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

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93