Bushwick Three-Family Brick
1119 Putnam Avenue Brooklyn, NY 11221
1119 Putnam Avenue, Brooklyn, NY, 11221
$1,700,000
For Sale
$1,700,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$566.67
Days on Market179
Property Features for 1119 Putnam Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Basement
- Basement
- Full
- Standard status
- Active
- APN
- 03366-0049
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 4339
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 3
- Building materials
- Brick
Listing Agency
Listed New York Elite Inc
(718) 801-8492
14412 Rockaway Blvd, Woodhaven, NY
Listed by
Alfred Jennings
(718) 801-8492
Added: Jan 19 Checked: Jul 17 at 10:06 am
MLS# 953343
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the heart of Bushwick, at 1119 Putnam Avenue, Brooklyn, NY 11221, this classic three-family brick townhouse presents a strong opportunity for end users or investors. The property spans approximately 3,000 square feet across three units, each offering a two-bedroom, one-bath layout. It features solid pre-war construction with excellent upside potential. Set on a quiet residential block, the building offers a traditional layout ideal for rental income, owner-occupancy, or long-term hold. The lot size is 0.0459 acres. Conveniently located near the J/Z subway lines, it provides easy access to local shops, cafes, and neighborhood amenities. The home requires some TLC, offering the chance to customize and add value. This is a versatile multifamily asset in one of Brooklyn's most active and in-demand neighborhoods.
Key Highlights
- Three‑family brick townhouse built in 1910
- Approximately 3,000 SF across three units
- Each unit features a 2‑bedroom, 1‑bath layout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 5.39%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Classic Brooklyn three-family townhouse in the heart of Bushwick.
Where is this triplex located?
The property is located at 1119 Putnam Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Three‑family brick townhouse built in 1910; Approximately 3,000 SF across three units; Each unit features a 2‑bedroom, 1‑bath layout
