1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
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1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
1242 Putnam Avenue
For Sale

1242 Putnam Avenue

1242 Putnam Avenue, Brooklyn, NY 11221

$2,500,000
Brand New to Market. Fully Renovated 3 Family Brick Townhouse [Delivered Vacant & Turn Key]
* Located in an opportunity zone.
* Live in the spacious owner's duplex w/backyard and rent the other two units for income.
* Or rent the entire property and enjoy a 6.7% projected cap rate while the property appreciates.
Building size: 20x45 [3,600sqft]
Lot size: 20x100
Bedrooms: 6
Bathrooms: 6.5
Miscellaneous: 3 HVAC furnaces & condensers, 3 hot water heaters, 3 gas meters, 4 electric meters
Notes:
* Central HVAC with Nest WiFi thermostats
* Fully equipped kitchens with matte black granite counters, large islands, green tile backsplash, and full sized appliances by GE
* Whirlpool full sized washer / dryer [gas] in each unit [vented out]
* Video intercom
* Plumbing fixtures by Kohler & Delta
* Bluetooth bathroom speakers
* High ceilings on all floors
* 8ft hardwood interior doors & moldings
* Excellent closet space in each unit
* Hardwood natural oak floors
* LED lighting throughout
* HD security cameras
* Wired for TV and internet in each room
* Oversized private outdoor spaces for each unit
* Sound proofing between floors
* New roof, windows, insulation, plumbing, electrical, etc.
Projected rental income:
Unit 1 = 2Bed 2.5Bath duplex with private backyard [$5,500]
Unit 2 = 2Bed 2Bath with private terrace [$4,500]
Unit 3 = 2Bed 2Bath with private roof [$5,000]
TOTAL = $15,000/month = $180,000/year
Approximate yearly expenses:
Taxes: $3,014
Insurance: $3,600
Water & Sewer: $1,950
Garbage maintenance & cleaning: $1,800
Electrical: $480
Gas: $0
Repairs: $1,500
TOTAL = $12,344
Close to M, L subway lines at Myrtle-Wyckoff and J,Z lines at Gates Avenue. Tons of food, entertainment, cafes in the area including Bushwick Burger Co., Father Knows Best, Caffeine Underground, Eden Juice & Smoothie Bar, and more. Just a short uber/bike ride away to Ridgewood and Bedford-Stuyvesant.

6
beds

7
baths

3,600 Sq.Ft. LIVING AREA

2,000 Sq.Ft. lot

MICHAEL MCDONAGH

MICHAEL MCDONAGH

BIANCA D'ALESSIO

BIANCA D'ALESSIO

Features & Amenities

Interior

  • total bedrooms6
  • Total bathrooms7
  • full bathrooms6
  • half bathroom1
  • Laundry room See Remarks

Area & Lot

  • Status For Sale
  • Living Area3,600 Sq.Ft.
  • Lot Area2,000 Sq.Ft.
  • MLS® IDOLRS-0089915
  • TypeMulti-Family
  • YEAR BUILT1910
  • NeighborhoodBrooklyn
  • Architecture StylesPrewar, Walk-Up

Exterior

  • STORIES3
  • other exterior FeaturesBuilding Roof Deck

Financial

  • Sales Price$2,500,000
  • Real Estate Tax $3,014/yr
  • Zoning R6
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Schedule a Showing

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Thank you for your interest in 1242 Putnam Avenue, Brooklyn, NY 11221. We are reviewing your request and will be in touch shortly!

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