1242 Putnam Avenue Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11221
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $637
Subdivision Bushwick
MLS Listing ID OLRS-0089915
Style Prewar,Walk-Up
Bedrooms 6
Full Baths 6
Half Baths 1
Year Built 1910
Annual Tax Amount $3,014
Property Description
Brand New to Market. Fully Renovated 3 Family Brick Townhouse [Delivered Vacant & Turn Key]
* Located in an opportunity zone.
* Live in the spacious owner's duplex w/backyard and rent the other two units for income.
* Or rent the entire property and enjoy a 6.7% projected cap rate while the property appreciates.
Building size: 20x45 [3,600sqft]
Lot size: 20x100
Bedrooms: 6
Bathrooms: 6.5
Miscellaneous: 3 HVAC furnaces & condensers, 3 hot water heaters, 3 gas meters, 4 electric meters
Notes:
* Central HVAC with Nest WiFi thermostats
* Fully equipped kitchens with matte black granite counters, large islands, green tile backsplash, and full sized appliances by GE
* Whirlpool full sized washer / dryer [gas] in each unit [vented out]
* Video intercom
* Plumbing fixtures by Kohler & Delta
* Bluetooth bathroom speakers
* High ceilings on all floors
* 8ft hardwood interior doors & moldings
* Excellent closet space in each unit
* Hardwood natural oak floors
* LED lighting throughout
* HD security cameras
* Wired for TV and internet in each room
* Oversized private outdoor spaces for each unit
* Sound proofing between floors
* New roof, windows, insulation, plumbing, electrical, etc.
Projected rental income:
Unit 1 = 2Bed 2.5Bath duplex with private backyard [$5,500]
Unit 2 = 2Bed 2Bath with private terrace [$4,500]
Unit 3 = 2Bed 2Bath with private roof [$5,000]
TOTAL = $15,000/month = $180,000/year
Approximate yearly expenses:
Taxes: $3,014
Insurance: $3,600
Water & Sewer: $1,950
Garbage maintenance & cleaning: $1,800
Electrical: $480
Gas: $0
Repairs: $1,500
TOTAL = $12,344
Close to M, L subway lines at Myrtle-Wyckoff and J,Z lines at Gates Avenue. Tons of food, entertainment, cafes in the area including Bushwick Burger Co., Father Knows Best, Caffeine Underground, Eden Juice & Smoothie Bar, and more. Just a short uber/bike ride away to Ridgewood and Bedford-Stuyvesant.
Location
State NY
County Kings
Zoning R6
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Equipment Intercom
Laundry See Remarks
Exterior
Exterior Feature Building Roof Deck
Building
Dwelling Type Multi Family
Story 3
New Construction No
Others
Monthly Total Fees $251
Pets Description Building Yes,Yes