1242 Putnam Ave
Brooklyn, NY 11221

EXCLUSIVE
Cross street:Central Avenue

Property

Ownership: Multi-Family
Type: Multi-Family
Rooms: 16
Bedrooms: 6 BR
Bathrooms: 6.5
Pets: Pets Allowed
Area: 3600 sq ft
Lot Size: 2000 sq ft

Open House

iCalSun Jul 21st 1:30 p.m.-3 p.m.
(in 2 days, 16 hours)

Financials

Price: $2,395,000
Annual Taxes: $3,014

Mortgage Calculator

Licensed Real Estate Salesperson
Licensed Associate Real Estate Broker
505 Park Ave, New York, NY 10022

Description

Brand New to Market. Turn key, fully renovated 3-Family Brick Townhouse [Can be delivered vacant or fully occupied]

* 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.

Amenities

  • Abundant Closets
  • Back Yard
  • Balcony
  • Basement
  • BBQ
  • Central Air Conditioning
  • Courtyard
  • Deck
  • Dining Area
  • Dishwasher
  • duplex layout
  • ensuite bath
  • entire house
  • Finished basement
  • Fireplace
  • floor-through apartment
  • full floor apartment
  • Garden
  • Hardwood Floors
  • High Ceilings
  • Investment Property
  • Laundry Room
  • outdoor garden
  • private roof access
  • Roof Deck
  • Terrace
  • Virtual Doorman
  • washer dryer

Exposures

  • East
  • West

Neighborhood

More listings:

3-Family in Bushwick


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.