Cohabs Acquires Multifamily Property On Putnam Avenue In Bedford-Stuyvesant For $3.05M
SOLD
$3,050,000
+ 2
New York
See Similar DealsMultiFamily6,509 SF
Sold 01/27/2023
SOLD
Cohabs Acquires Multifamily Property On Putnam Avenue In Bedford-Stuyvesant For $3.05M
645 Putnam Avenue
See Similar DealsMultiFamily6,509 SF
Sold 01/27/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$468
Total Square Footage:6,509 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67
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