MultiFamily Property Listed at 19-29 Putnam Avenue
FOR SALE
View more
$2,250,000
19 29 Putnam Avenue, Brooklyn, NY 11238
5,358 SF
Square Feet
$420
PPSF
6.85%
CAP
Property Description
NOI
$154,060
Cap Rate
6.85%
Bridge Advisory Group has been exclusively retained to market the sale of 19-29 Putnam Avenue Ridgewood, NY 11385.
Newly built in 2018, this beautiful development was thoughtfully designed to maximize space. Built as 4 duplex units, with three floors above grade, tenants enjoy spacious layouts and outdoor space creating strong rental upside.
19-29 Putnam Avenue benefits from a 15 year 421A tax abatement, allowing for immediate cashflow upon acquisition & free market status upon expiration in 2033.
To view an Offering Memorandum, and for more information, please contact Matthew Dowling with Bridge Advisory Group.
[email protected]
(516) 491-1492
Newly built in 2018, this beautiful development was thoughtfully designed to maximize space. Built as 4 duplex units, with three floors above grade, tenants enjoy spacious layouts and outdoor space creating strong rental upside.
19-29 Putnam Avenue benefits from a 15 year 421A tax abatement, allowing for immediate cashflow upon acquisition & free market status upon expiration in 2033.
To view an Offering Memorandum, and for more information, please contact Matthew Dowling with Bridge Advisory Group.
[email protected]
(516) 491-1492
Property Details
Asset Type
MultiFamily
Year Built
2018
Lot Size
2,898 SF
Neighborhood
Queens
Submarket
Brooklyn
ZIP
11238
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$244,416
Debt Service Coverage Ratio (DSCR)
1.91x
Cap Rate
10.86%
Cash Flow (Annual)
$116,422
Cash-on-Cash Return
20.70%
Monthly Debt Service
$10,666
Annual Debt Service
$127,994
View on Map
Address
19 29 Putnam Avenue
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
