718 Putnam Ave - Multi-Family FOR SALE


Brooklyn, NY 11221- Stuyvesant Heights
$2,750,000 USD
917-482-4863
718 Putnam Ave, Brooklyn, NY for Sale
$2,750,000 USD
Multi-Family - FOR SALE
1/17
null | 5.81% Cap Rate

718 Putnam Ave
Brooklyn, NY 11221
Stuyvesant Heights


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$887 USD /SF

# OF UNITS

4

PRICE/UNIT

$687,500

CAP RATE

5.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

"Turn Key" Multi Family Residential Property

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

01650-0033

ASK ABOUT THIS PROPERTY

Steve SallionSotheby's International Realty, Inc.More Info
917-482-4863

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Steve SallionSotheby's International Realty, Inc.More Info
917-482-4863

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.