Updated Oct 29, 2024
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
About this deal
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
Bedford-Stuyvesant 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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93