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1242 Putnam Ave

3 Unit Block of Flats £1,760,513 (£586,838/Unit) 6.63% Net Initial Yield Brooklyn, NY 11221

Executive Summary

• Brand New to Market
• Fully gutted renovated 3-Family Brick Townhouse built in 1910
• 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 6.5% projected cap rate while the property appreciates

Attachments

1242 Putnam Avenue Brooklynv5

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Price £1,760,513 Apartment Style Low Rise
Price Per Unit £586,838 Building Class C
Sale Type Investment Lot Size 0.05 AC
Net Initial Yield 6.63% Building Size 2,700 SF
No. Units 3 Number of Floors 2
Property Type Residential Year Built/Renovated 1910/2024
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £1,760,513
Price Per Unit £586,838
Sale Type Investment
Net Initial Yield 6.63%
No. Units 3
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.05 AC
Building Size 2,700 SF
Number of Floors 2
Year Built/Renovated 1910/2024
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walk Score ®
Very Walkable (73)
Transit Score ®
Rider's Paradise (99)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code R6
R6
(212) 945-8984

Contacts

  • Listing ID: 32058169

  • Date on Market: 07/06/2024

  • Last Updated:

  • Address: 1242 Putnam Ave, Brooklyn, NY 11221

The North Brooklyn Residential Property at 1242 Putnam Ave, Brooklyn, NY 11221 is currently available. Contact Kassin Sabbagh Realty for more information.

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1242 Putnam Ave, Brooklyn, NY for sale Building Photo- Image 1 of 8
1242 Putnam Avenue Brooklyn
1242 Putnam Ave, Brooklyn, NY for sale Interior Photo- Image 2 of 8
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1242 Putnam Ave
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1242 Putnam Ave

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Jeff Geoghegan

(212) 945-8984

(212) 945-8984

Michael Patti

(212) 417-9217

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