854 Putnam Avenue #1B
About This Property
Stylish and Smartly Designed has arrived. 854 Putnam Avenue is a contemporary 8-unit boutique condominium comprised of two and three bedroom residences situated on a tree-lined street in beautiful Stuyvesant Heights, Brooklyn. Unit 1B is a south facing Two and a half Bedroom (2.5BR) Two and a half Bathroom (2.5Bath) duplex that is approx. 1,575sq. ft. with a Private Garden of approx. 594 sq. ft.
854 Putnam Avenue encompasses the convenience and luxury of modern day living integrated throughout the home. Every detail has been considered to maximize design and comfort: polished porcelain tile flooring with radiant heating for the entire apartment; floor-to-ceiling windows allow for plentiful, natural light; electric mirrors with blue-tooth controlled sound system in the bathrooms; central heating/cooling system with wall-mounted thermostat; washer and dryer hook-up; and a Leelan video intercom with a host of optional upgrades.
These residences exhibit streamlined and minimalist features that lend to an overall polished, sleek look. Matte lacquer cabinetry and speckled quartz counter top infuse warmth and character in the kitchen. The appliance package includes a 30'' Bosch cooktop, a 24'' Bosch oven, Bosch microwave, dishwasher, and a 32'' Fisher & Paykel refrigerator.
Located in the Stuyvesant Heights section of Bedford-Stuyvesant, you will be surrounded by the classic serenity of Brownstone Brooklyn, a myriad of community gardens, and the energy of a culturally diverse community with superb dining, craft cocktail joints, home-made marketplaces, and destination hang-outs. Local favorites include Chez Oskar, The Wilky, L'Antagoniste, Georges-Andre Vintage Cafe, Nan Ramen, Trade Union, Brooklyn Beso Restaurant and Bar, Milk & Pull. Transportation: J/Z Train at Gates Ave only 5 blocks away, and the A/C Trains at both Utica and Ralph Aves, allowing for an easy commute to Manhattan. This is not an offering. The complete offering terms are in an offering plan available from the File No. CD16-0410.
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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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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2020 | No longer available | - | |
| No longer available | |||
| Nov 5, 2020 | Sold | ||
| Sold | |||
| Sep 29, 2020 | In contract | - | |
| In contract | |||
| Jul 17, 2020 | No longer available | - | |
| No longer available | |||
| Jul 16, 2020 | Listed | $1,095,000 | |
| Listed | |||
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PENDING 421A 20 YEAR TAX ABATEMENT - OPEN HOUSE BY APPOINTMENT ONLY 854 Putnam Ave is a modern, newly built 8-unit boutique condominium nestled amongst a beautiful tree-lined street in historic Stuyvesant-Heights. Catering to those seeking an outdoor oasis without sacrificing interior space, this generously proportioned 1575 sq. ft. two and a half bedroom (2.5BR), two and a half bath (2.5BTH) duplex with 594 sq. ft. private garden can easily be converted into a spacious three-bedroom (3BR), three-bathroom (3BTH) that checks off all the boxes.Every detail has been considered to maximize design and comfort: polished porcelain tile flooring with radiant heating throughout, floor-to-ceiling windows allowing for abundant natural light, electronic mirrors with blue-tooth controlled sound in the bathrooms, central AC/heat, in unit washer/dryer, plus a Leelan smart home video intercom system with a host of optional upgrades. The open concept chef's kitchen features custom matte lacquer cabinetry, speckled quartz countertops, a stainless-steel Bosch appliance package with 30'' gas range cooktop, 24'' convection oven, built in microwave, front loading dishwasher, and a 32'' French door Fisher & Paykel refrigerator.Stepping out from 854 Putnam Ave., you will be surrounded by the classic serenity of brownstone Brooklyn and the energy of a culturally diverse community with superb dining, craft cocktail joints, home-made marketplaces, and destination hang-outs. Local favorites include Chez Oskar, The Wilky, L'Antagoniste, Trad Room, Nana Ramen, Chez Alex, Trade Union, Manny's Wine Shop, Saraghina, Cheri's, Casablanca, Natural Blend, and LunÁtico. The J/Z Train at Gates Ave only 5 blocks away and the A/C Trains at both Utica and Ralph Aves allow for an easy commute to Manhattan. 421A tax abatement awaiting finalization, further reducing the already low carrying charges!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/03/2023
|
2 Bed
|
2 Bath
|
900 ft²
|
$790,000
2 Bed
2 Bath
900 ft²
|
$790,000
11/17/2023
|
Lia Wiedemann
Compass
| |
|
01/22/2018
|
2 Bed
|
2 Bath
|
890 ft²
|
$999,000
2 Bed
2 Bath
890 ft²
|
$999,000
11/16/2018
|
Jessica L Peters
Elliman
| |
|
01/22/2018
|
2 Bed
|
3 Bath
|
1575 ft²
|
$1,049,000
2 Bed
3 Bath
1575 ft²
|
$1,049,000
05/22/2018
|
Allison Dubuisson
Douglas Elliman Real Estate
| |
|
09/05/2017
|
3 Bed
|
3 Bath
|
1129 ft²
|
$1,059,000
3 Bed
3 Bath
1129 ft²
|
$1,059,000
06/07/2018
|
Allison Dubuisson
Douglas Elliman Real Estate
| |
|
09/05/2017
|
3 Bed
|
3 Bath
|
1118 ft²
|
$1,059,000
3 Bed
3 Bath
1118 ft²
|
$1,059,000
05/21/2018
|
Jessica L Peters
Elliman
| |
|
06/09/2017
|
2 Bed
|
2 Bath
|
900 ft²
|
$805,000
2 Bed
2 Bath
900 ft²
|
$819,691
+1.82%
05/22/2018
|
ALLISON R DUBUISSON
Elliman
| |
|
06/09/2017
|
2 Bed
|
2 Bath
|
911 ft²
|
$805,000
2 Bed
2 Bath
911 ft²
|
$813,582
+1.07%
06/06/2018
|
Jessica Peters
Douglas Elliman Real Estate
| |
|
06/09/2017
|
2 Bed
|
2 Bath
|
911 ft²
|
$794,000
2 Bed
2 Bath
911 ft²
|
$770,000
-3.02%
06/04/2018
|
Jessica Peters
Douglas Elliman Real Estate
| |
|
06/09/2017
|
2 Bed
|
2 Bath
|
900 ft²
|
$759,000
2 Bed
2 Bath
900 ft²
|
$808,490
+6.52%
05/25/2018
|
Jessica Peters
Douglas Elliman Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017