31
Map
121 Putnam Drive
About This Property
If you are looking for a home you an truly make your own, this 4 bedroom, 2 bath property is worth a look. Full of character and possibilities, it offers a flexible layout, ample parking, a private backyard, and hardwood floors hidden beneath the existing carpeting.
The main level features two bedrooms, a full bathroom, a comfortable living room, a dining room, and a kitchen ready for your personal touch. Upstairs, you'll find two additional rooms that would work perfectly as home offices, a den, playroom, craft room, or whatever suits your lifestyle. The lower level has its own separate entrance and includes two bedrooms, a full bathroom, a living room, and an eat-in kitchenette. Whether you need extra space for extended family, guests, or a private area to spread out, the possibilities are there. Outside, the partially fenced backyard offers privacy and room to relax, garden, entertain, or enjoy time with family and friends. With plenty of off-street parking and a layout that provides flexibility for a variety of living arrangements, this home is simply waiting for someone with vision to bring it to life.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2026 | Price Decreased |
$375,000
↓ $50K
(11.8%) | |
| Price Decreased | |||
| Jul 14, 2026 | Price Decreased |
$425,000
↓ $50K
(10.5%) | |
| Price Decreased | |||
| Jun 4, 2026 | Listed by Briante Realty Group, LLC | $475,000 | |
| Listed by Briante Realty Group, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017