Located on a picturesque tree lined block in the heart of Bedford Stuyvesant s historic Stuyvesant Heights, 718 Putnam Avenue presents an exceptional opportunity for both owner occupants and investors ...
| Website: | https://www.nestseekers.com/5364373 |
|---|---|
| Address: | 718 Putnam Avenue Brooklyn, NY 11221 |
| Cross street: | Lewis Avenue |
| Type: | Townhouse |
| Era: | Post-war |
| Floors: | 3 |
| Ownership: | income-property |
|---|---|
| Rooms: | 13 |
| Bedrooms: | Studio |
Financials
Price:$2,750,000
Real estate tax:$11,742
Description
Located on a picturesque tree-lined block in the heart of Bedford-Stuyvesant’s historic Stuyvesant Heights, 718 Putnam Avenue presents an exceptional opportunity for both owner-occupants and investors seeking strong income with long-term upside.
Configured as a four-family Brooklyn townhouse, the property currently generates approximately $189,720 in annual rental income, offering a compelling combination of reliable cash flow and future flexibility.
The home features four well-proportioned residential units, each benefiting from excellent natural light and practical layouts that reflect the classic charm and proportions of Brooklyn townhouse living.
For buyers seeking a primary residence, the garden triplex may be delivered vacant, providing a spacious three-bedroom owner’s residence with high basement ceilings and access to private outdoor space. This configuration allows the owner to enjoy a generous private home while the three upper apartments continue to generate strong rental income.
The layout also works well for multi-generational living, allowing extended family to occupy the lower triplex while maintaining privacy and income potential from the upper units.
Property Highlights
- Four residential units
- Approx. $189,720 annual rental income
- Opportunity to live in the owner’s garden triplex
- Strong rental demand in Bed-Stuy / Stuyvesant Heights
- Classic Brooklyn townhouse proportions
- Ideal for owner-occupants, investors, or multi-generational living
Located moments from neighborhood cafés, restaurants, parks, and convenient transportation, 718 Putnam Avenue sits in one of Brooklyn’s most vibrant and steadily appreciating neighborhoods.
A detailed investor financial analysis and full rent roll are available upon request.
Amenities
Garden; Laundry Room;
- Garden
- Laundry Room
- Voice Intercom
578 Driggs Avenue Brooklyn, NY 11211 Phone: +1 718-302-0900 Fax: +1 718-228-3917 | |
| Listing Courtesy of Sotheby's International Realty, Inc. | |