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Ali Family Sells Multifamily Property At 43 Putnam Avenue Brooklyn For $2.5M

Property Image
SOLD
$2,500,000

New York

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MultiFamily3,360 SF
Sold 07/28/2025
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Property Image
SOLD

Ali Family Sells Multifamily Property At 43 Putnam Avenue Brooklyn For $2.5M

43 Putnam Avenue

See Similar Deals
MultiFamily3,360 SF
Sold 07/28/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$744
Total Square Footage:3,360 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 43 Putnam Avenue in Brooklyn. The sale price of the property was $2,500,000, and it contains 3 units, with a price per unit of $833,333. The total square footage of the asset is 3,360, resulting in a price per square foot of $744.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Units: 3
  • Price Per Unit: $833,333
  • Square Footage: 3,360
  • Price Per Square Foot: $744
  • Seller: Ali Family
  • Brokers: Shaun Riney, Andrew Bronsteen, and Jason Farese - Marcus & Millichap
  • Date of Sale: 7/28/2025

The deal involved the brokerage services of Shaun Riney, Andrew Bronsteen, and Jason Farese, who represented the seller, Ali Family, throughout the transaction process. Their roles were instrumental in facilitating the sale of the property, contributing their expertise within the market.

Players

Andrew Bronsteen
64 deals$257.5M volume
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

Jason Farese
Marcus & Millichap
24 deals$84.6M volume(718) 475-4352
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Jason Farese, Shaun Riney & Andrew Bronsteen DATE: 7/28/2025 ADDRESS: 43 Putnam Avenue MARKET: Brooklyn ASSET TYPE: Multifamily SELLER: Ali Family BROKERS: Shaun Riney (@ShaunRiney1), Andrew Bronsteen (@BKBronsteen) & Jason Farese (@JrFaresenymf) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,500,000 UNITS: 3 ~ PPU: $833,333 SF: 3,360 ~ PPSF: $744

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31