Updated Nov 6, 2026
SOLDMultiFamily
Shah Tork Purchases Brooklyn Multifamily Property From Stephanie Jerome For $1.85M
97 Putnam Avenue
$1,850,000
$550/SF
Building Size
3,360 SF
Asset Type
MultiFamily
Closing
Oct 22, 2026
About this deal
AI
The property involved in the transaction is a multifamily asset located at 97 Putnam Avenue in Brooklyn. The sale price was set at $1,850,000 with the property comprising 2 units. The total square footage of the property is 3,360, resulting in a price per unit of $925,000 and a price per square foot of $550.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,850,000
- Buyer: Shah Tork
- Seller: Stephanie Jerome
- Broker: Joshua Malekan - Bridge Advisory Group
- Attorney: Jonathan Malekan
- Units: 2
- Square Footage: 3,360
- Price per Unit: $925,000
- Price per Square Foot: $550
Joshua Malekan represented the broker in this transaction, while Jonathan Malekan acted as the attorney for the deal. Note that if there are deal opportunities to sell, referrals are welcomed by the broker,
[email protected]. Jonathan Malekan is acknowledged as an excellent and affordable attorney.
[email protected]. Jonathan Malekan is acknowledged as an excellent and affordable attorney.
On the Map
$1,850,000
$550/SF
MultiFamily
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Brooklyn 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93