1
Map
583 Putnam Avenue #2
About This Property
Residence 2: The parlor floor is a bright two-bedroom, one-bath floor-through residence, with soaring ceilings, oversized windows, and magnificent outdoor spaces. Entry feels special; a grand staircase with a traditionally exposed red brick wall leads into a large living room and open spaces. Bathroom and kitchen fixtures in this unit are identical to those throughout the property, and a laundry closet is in-suite; no need to leave home. If you love outdoor spaces, this unit will also check that box. Both bedrooms have access to a tiled private terrace, perfect for morning coffee, and also to a private fenced lower garden with planters, perfect for enjoying the night sky. Cooling and heating are Fujitsu split units throughout.
The complete offering terms are in an Offering Plan available from the Sponsor. File NO.CD23-0062. Sponsor: PH Holdings, LLC. 280 South Beverly Drive, Ste 409, Beverly Hills, CA 90212. Equal Housing Opportunity.
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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%.
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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.
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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 |
|---|---|---|---|
| Apr 11, 2025 | Sold | ||
| Sold | |||
| Feb 15, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Listed by Keller Williams Realty Empire | $930,000 | |
| Listed by Keller Williams Realty Empire | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/12/2024
|
3 Bed
|
2 Bath
|
1106 ft²
|
$1,250,000
3 Bed
2 Bath
1106 ft²
|
$1,050,000
-16.00%
05/05/2026
|
Charles Olson
| |
|
10/08/2024
|
2 Bed
|
1 Bath
|
839 ft²
|
$925,000
2 Bed
1 Bath
839 ft²
|
$845,000
-8.65%
05/14/2026
|
Charles Olson
| |
|
10/07/2024
|
2 Bed
|
1 Bath
|
900 ft²
|
$930,000
2 Bed
1 Bath
900 ft²
|
$920,000
-1.08%
04/11/2025
|
Charles Olson
| |
|
10/07/2024
|
2 Bed
|
2 Bath
|
1573 ft²
|
$1,115,000
2 Bed
2 Bath
1573 ft²
|
$1,115,000
05/23/2025
|
Charles Olson
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017