Renovated Townhouse in Bushwick,
1231 Putnam Avenue, Brooklyn, NY 11221
New
MULTI_FAMILY - Brooklyn, NY
Property size:
3,000 SFLot size:
0.05 AcresPrice / SF:
$633/SF- Added:
- May 20, 2026
- Days on Market:
- 6
- Last Refresh:
- May 25 at 7:06 pm
Property Features for 1231 Putnam Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4
- Patio and Porch features
- Deck
- Interior features
- Central Air, Deck, Dishwasher, Microwave, Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2190
Building Details
- Number of units
- 1
- Flooring type
- Hardwood
- Building materials
- Wood Frame
- Roof type
- Flat
Listing agent Meina (Serena) Huang (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 20, 2026
MLS# 501598
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully renovated two‑bedroom garden‑level apartment with separate entrance, washer/dryer hookups, and central AC.
- Completely renovated townhouse with modern design and classic Brooklyn charm.
- Chef's kitchen with custom cabinetry, waterfall island, 6‑burner stove, pot filler, and premium finishes.
- Open‑concept living space with high ceilings, hardwood floors, and oversized sliding glass doors leading to a full‑width deck and private backyard.
- Primary suite with generous closet space and luxurious ensuite bath featuring designer tile and a soaking tub.
- Convenient location near J/Z and L trains, providing easy access to Brooklyn and Manhattan, close to popular restaurants and nightlife.
Overview
This renovated townhouse blends modern design with classic Brooklyn charm. Located on a quiet, tree-lined block in Bushwick, this home offers comfort, style, and convenience, near restaurants, cafes, parks, and nightlife. The open-concept living space features high ceilings, hardwood floors, and oversized rear sliding glass doors. The layout accommodates living and dining areas. The kitchen is designed with custom cabinetry, a waterfall island with seating, a 6-burner stove, pot filler, wet bar, and premium finishes. A powder room completes the main level. Outside, a full-width deck overlooks a private backyard. The primary suite offers closet space and an ensuite bath with designer tile, high-end fixtures, and a soaking tub. Two additional bedrooms and a full bathroom complete the upper level. The home features a new roof and central AC. The renovated garden-level two-bedroom apartment adds flexibility and value, suitable for rental income, extended family, or guests, and includes washer/dryer hookups, central AC, and high-end finishes. Conveniently located near the J/Z and L trains, it provides access throughout Brooklyn and Manhattan. The lot size is 0.0459 acres, and the property size is 3000 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.17M
NOI $105,065 @ 9.00% cap · cautious / downside scenario
Moderate
$1.50M
NOI $105,065 @ 7.00% cap · market / base-case scenario
Aggressive
$2.10M
NOI $105,065 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 4.82%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.915641
- Latitude
- 40.691626
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Renovated townhouse with modern design and classic Brooklyn charm.
Where is this multifamily property located?
The property is located at 1231 Putnam Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Fully renovated two‑bedroom garden‑level apartment with separate entrance, washer/dryer hookups, and central AC.; Completely renovated townhouse with modern design and classic Brooklyn charm.; **Chef's kitchen with custom cabinetry, waterfall island, 6‑burner stove, pot filler, and premium finishes.**
