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437 Putnam Avenue #2
About This Property
The expansive open-concept living and dining area offers an effortless flow for both entertaining and everyday living. Oversized windows allow for wonderful natural light throughout, creating a warm and inviting atmosphere while highlighting the true character of the home.
The thoughtfully designed kitchen is appointed with sleek quartz countertops and a full suite of stainless steel appliances, including a dishwasher, refrigerator, and gas range. Additional conveniences include central air conditioning and an in-unit washer/dryer.
Designed with both privacy and functionality in mind, the desirable split-bedroom layout positions each bedroom on opposite ends of the residence. The primary suite en-suite feels entirely tucked away, featuring windows on two exposures, along with ample space for a king-sized bed and additional furnishings.
The second bedroom is even more charming, complete with a restored decorative fireplace, beautifully preserved original cornices, and generous closet space. Ideal as a guest room, nursery, or home office, the space offers a perfect balance of character and versatility.
437 Putnam Avenue is one of Bedford-Stuyvesant's most exciting boutique circa-1900 brownstone/townhouse condominium conversions. Following a meticulous gut renovation, this intimate collection of four residences thoughtfully combines historic architectural detail with contemporary finishes and modern conveniences.
Perfectly situated just off vibrant Tompkins Avenue on one of Bed-Stuy's most desirable tree-lined blocks, residents enjoy easy access to the neighborhood's beloved cafes, restaurants, boutiques, and parks, along with convenient transportation options to the rest of Brooklyn and Manhattan.
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/07/2026
|
2 Bed
|
2 Bath
|
827 ft²
|
$899,000
2 Bed
2 Bath
827 ft²
|
$875,000
-2.67%
08/26/2026
|
Brian Kelley
Compass
| |
|
03/11/2025
|
2 Bed
|
2 Bath
|
1650 ft²
|
$1,350,000
2 Bed
2 Bath
1650 ft²
|
$1,325,000
-1.85%
07/01/2025
|
Shirley Hackel
Compass
| |
|
01/29/2021
|
2 Bed
|
3 Bath
|
1645 ft²
|
$1,100,000
2 Bed
3 Bath
1645 ft²
|
$1,085,000
-1.36%
05/20/2021
|
Noel Borbon
Triplemint
| |
|
08/03/2020
|
2 Bed
|
2 Bath
|
-
|
$735,000
2 Bed
2 Bath
|
$735,000
04/05/2021
|
Noel Borbon
Triplemint
| |
|
08/03/2020
|
2 Bed
|
2 Bath
|
-
|
$835,000
2 Bed
2 Bath
|
$735,000
-11.98%
04/05/2021
|
Noel Borbon
The Agency Brokerage
| |
|
09/27/2019
|
2 Bed
|
2 Bath
|
827 ft²
|
$835,000
2 Bed
2 Bath
827 ft²
|
$752,500
-9.88%
04/20/2021
|
Noel Borbon
Triplemint
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017