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Listing Courtesy of Sothebys International Realty
$ 2,750,000
Est. payment | /mo
7 Beds
6 Baths
$ 2,750,000
Est. payment | /mo
7 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Stuyvesant Heights
MLS Listing ID RLS20075930
Bedrooms 7
Full Baths 5
Half Baths 1
HOA Y/N Yes
Year Built 1910
Annual Tax Amount $10,848
Property Sub-Type Multi Family
Property Description
Located on a picturesque tree-lined block in the heart of Bedford-Stuyvesant's historic Stuyvesant Heights, 718 Putnam Avenue presents an exceptional opportunity for both owner-occupants and investors seeking strong income with long-term upside.
Configured as a four-family Brooklyn townhouse, the property currently generates approximately $189,720 in annual rental income, offering a compelling combination of reliable cash flow and future flexibility.
The home features four well-proportioned residential units, each benefiting from excellent natural light and practical layouts that reflect the classic charm and proportions of Brooklyn townhouse living.
For buyers seeking a primary residence, the garden triplex may be delivered vacant, providing a spacious three-bedroom owner's residence with high basement ceilings and access to private outdoor space. This configuration allows the owner to enjoy a generous private home while the three upper apartments continue to generate strong rental income.
The layout also works well for multi-generational living, allowing extended family to occupy the lower triplex while maintaining privacy and income potential from the upper units.
Property Highlights
- Four residential units
- Approx. $189,720 annual rental income
- Opportunity to live in the owner's garden triplex
- Strong rental demand in Bed-Stuy / Stuyvesant Heights
- Classic Brooklyn townhouse proportions
- Ideal for owner-occupants, investors, or multi-generational living
Located moments from neighborhood cafés, restaurants, parks, and convenient transportation, 718 Putnam Avenue sits in one of Brooklyn's most vibrant and steadily appreciating neighborhoods.
A detailed investor financial analysis and full rent roll are available upon request.
Configured as a four-family Brooklyn townhouse, the property currently generates approximately $189,720 in annual rental income, offering a compelling combination of reliable cash flow and future flexibility.
The home features four well-proportioned residential units, each benefiting from excellent natural light and practical layouts that reflect the classic charm and proportions of Brooklyn townhouse living.
For buyers seeking a primary residence, the garden triplex may be delivered vacant, providing a spacious three-bedroom owner's residence with high basement ceilings and access to private outdoor space. This configuration allows the owner to enjoy a generous private home while the three upper apartments continue to generate strong rental income.
The layout also works well for multi-generational living, allowing extended family to occupy the lower triplex while maintaining privacy and income potential from the upper units.
Property Highlights
- Four residential units
- Approx. $189,720 annual rental income
- Opportunity to live in the owner's garden triplex
- Strong rental demand in Bed-Stuy / Stuyvesant Heights
- Classic Brooklyn townhouse proportions
- Ideal for owner-occupants, investors, or multi-generational living
Located moments from neighborhood cafés, restaurants, parks, and convenient transportation, 718 Putnam Avenue sits in one of Brooklyn's most vibrant and steadily appreciating neighborhoods.
A detailed investor financial analysis and full rent roll are available upon request.
Location
State NY
County Kings
Interior
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Washer/Dryer Stacked, Dishwasher, Washer
Laundry Common On Floor, In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft, Private Yard
Porch Building Deck, Deck
Private Pool No
Building
Dwelling Type Multi Family,Townhouse
Story 3
New Construction No
Others
Tax ID 01650-0033
Ownership None
Monthly Total Fees $904
Pets Allowed Building Yes, Yes
RLS Data display by WJFNY