581 Putnam Avenue #1
About This Property
581 Putnam is a four unit townhouse built in 1899 and renovated by the Brooklyn home company in 2017. On a beautiful block in Brooklyn's Bedford Stuyvesant neighborhood, this one is close to tons of bustling shops and restaurants. Call us today for an appointment!
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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 |
|---|---|---|---|
| Nov 5, 2020 | No longer available | - | |
| No longer available | |||
| Oct 23, 2020 | Sold | ||
| Sold | |||
| Aug 23, 2020 | In contract | - | |
| In contract | |||
| Aug 13, 2020 | Price Increased |
$1,095,000
↑ $160K
(17.1%) | |
| Price Increased | |||
| Aug 11, 2020 | Listed by Compass | $935,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/03/2022
|
2 Bed
|
1 Bath
|
923 ft²
|
$825,000
2 Bed
1 Bath
923 ft²
|
$999,999
+21.21%
07/28/2022
|
Nina Hausner
Compass
| |
|
08/11/2020
|
2 Bed
|
1 Bath
|
1385 ft²
|
$1,095,000
2 Bed
1 Bath
1385 ft²
|
$1,095,000
10/23/2020
|
JESSE A SHAFER
Compass
| |
|
05/10/2016
|
2 Bed
|
1 Bath
|
860 ft²
|
$800,000
2 Bed
1 Bath
860 ft²
|
$814,600
+1.83%
01/24/2017
|
LINDSAY BARRETT
Compass
| |
|
05/10/2016
|
2 Bed
|
1 Bath
|
945 ft²
|
$925,000
2 Bed
1 Bath
945 ft²
|
$925,000
12/22/2016
|
Christina Abad
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017