1237 Putnam Avenue
About This Property
The building is a well-maintained multi-family structure, featuring spacious layouts that are well-suited for modern city living. Surrounded by a mix of historic brownstones and newer developments, the property enjoys a dynamic blend of Brooklyn's classic charm and the energy of a rapidly evolving urban landscape. The prime location offers easy access to Bushwick's best amenities, including trendy cafes, art galleries, and a thriving nightlife scene.
Currently being offered with the 4 Bed 3 Baths upstairs unit delivered vacant, and the downstairs unit leased out. By request we can verify payment of rent for the last 12 months.
Public transportation is highly accessible, with the Dekalb Avenue L subway stop just a short distance away, providing quick connections to Manhattan and other parts of Brooklyn. Several bus routes also serve the area, ensuring convenient travel throughout the city. The property is just steps from Maria Hernandez Park, a popular green space, and is within close proximity to the bustling shopping and dining options along Wyckoff Avenue and Myrtle Avenue.
This property offers the perfect opportunity for those looking to invest in one of Brooklyn's most rapidly appreciating neighborhoods. Whether you're interested in occupying the space, renting it out, or exploring development opportunities, 1237 Putnam Avenue is poised to provide long-term value in a highly sought-after location.
Payment Calculator
Your Estimated Monthly Payment
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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/08/2024
| |
6 Bed
|
5 Bath
|
1741 ft²
|
$1,480,000
6 Bed
5 Bath
1741 ft²
|
$1,480,000
05/02/2025
|
Noel J. Maaba
Howard Hanna NYC LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017