Jackson Cole Acquires MultiFamily Asset At 561 Putnam Avenue Brooklyn For $2.925M

The property asset involved in this transaction is a multi-family building located at 561 Putnam Avenue in Brooklyn. The sale price of the property was $2,925,000, with a total square footage of 2,362, resulting in a price per square foot of $1,238.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,925,000
• Address: 561 Putnam Avenue
• Market: Brooklyn
• Square Footage: 2,362
• Price Per Square Foot: $1,238
• Buyer: Jackson Cole
• Seller: Adam Shauli, Yehuda Zargarov & Saul Shauli
• Broker: Daniel Cohen - The Corcoran Group
• Buyer's Representative: Joe Ryan - Compass

Adam Shauli, Yehuda Zargarov, and Saul Shauli represented the seller in this transaction alongside Daniel Cohen from The Corcoran Group. The buyer, Jackson Cole, was represented by Joe Ryan from Compass. Additionally, a note from the seller indicates that Elite Properties is actively seeking new real estate acquisitions in New York City and Miami, focusing particularly on brownstones and townhomes in Brooklyn, as well as luxury condominium development sites.