Renovated Two-Family
For Sale
$1,999,000
Pending
1004A PUTNAM Ave, Brooklyn, NY 11221
Newly renovated two-family home near Bedford Stuyvesant, Bushwick.
Property Size2,295 SF
Lot Size0.04 Acres
Days on Market231
Property Features for 1004A PUTNAM Ave
General Information
Standard status
Pending
Size
2,295 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,380
Building Details
Building Size
2,295 SF
Year Built
1899
Units
2
Listing Agency:
Berkshire Hathaway HomeServices New York Properties
Listed By:
Sheila G Starr
(212) 710-1900
Source:
Elliman
Added: Mar 12
Changed: Oct 28
Last Checked: Oct 28 at 8:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices New York Properties
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Investment Insights
Based on property information with market context.
This renovated two-family home is located near Bedford Stuyvesant, Bushwick, and Stuyvesant Heights. The building features a lobby with original double-height front doors and new mosaic tile flooring. The owner's apartment is accessible via the original staircase and features high ceilings, floor-to-ceiling windows, and hardwood floors. The living area leads to an oversized dining area and a kitchen with custom cabinetry, ceiling-height cabinets, an oversized island, and top-of-the-line appliances, including a Bertazzoni stove and Subzero fridge. A powder room is located on this level, along with direct access to a private deck and backyard. The garden level includes a primary bedroom with two double closets, an ensuite bath with upgraded finishes, double sinks, marble counters, and an oversized shower. Down the hall are a hall bath with tub and two full-sized bedrooms. The lower level has full-height ceilings, a laundry area with a soaking sink and upgraded washer/dryer, all mechanicals, and a back door to the private backyard. The income/guest apartment has a separate entrance from the common lobby and features three bedrooms with outfitted closets, a full hall bath with tub, a main living space with a fully upgraded kitchen, two large skylights, a dedicated washer/dryer, and an HVAC system. Large oversized windows are present throughout. The home includes solar panels, a whole-home water filtration system, and is fully wired for cable. Window treatments include motorized shades throughout and blackout shades in bedrooms.
Key Highlights
- Newly renovated two‑family home with high‑end finishes throughout.
- Owner's apartment features a top‑of‑the‑line kitchen with Bertazzoni stove, Subzero fridge, custom cabinetry, and oversized island, plus a private deck and backyard.
- Income/guest apartment offers three bedrooms, upgraded kitchen, two skylights, dedicated laundry, and separate HVAC.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,375
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,607,500
$1.6M
Cap Rate 7%
$1,148,214
$1.1M
Cap Rate 9%
$893,056
$893.1K
Market Conditions
NOI Build-Up for 2,295 SF
Gross rent
$117.0K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.8K $50.03/SF
− OpEx
−$34.4K −$15.01/SF
NOI
$80.4K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,607,500
Cap Rate 7%
$1,148,214
Cap Rate 9%
$893,056
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,375 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$1.00M
$875.8K – $1.17M
NOI $70,064 @ 7.0% cap · market cap 3.50%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $133,018 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,607
Businesses Nearby
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Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Newly renovated two-family home near Bedford Stuyvesant, Bushwick.
Where is this duplex located?
The property is located at 1004A PUTNAM Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Newly renovated two‑family home with high‑end finishes throughout.; Owner's apartment features a **top‑of‑the‑line kitchen** with Bertazzoni stove, Subzero fridge, custom cabinetry, and oversized island, plus a private deck and backyard.; Income/guest apartment offers three bedrooms, upgraded kitchen, two skylights, dedicated laundry, and separate HVAC.
