Duplex with Private
1171 Putnam Avenue, Brooklyn, NY 11221
For Sale
New
$1,650,000
The upper-level apartment has a separate entrance, two bedrooms, and a home office.
Property Size4,000 SF
Price / SF$412.50
Days on Market3
Property Features for 1171 Putnam Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Corcoran Group
Listed By:
Toni M Martin · License NY #10301207190
(718) 288-7703
Source:
Miradorrealestate
Added: Nov 12
Changed: Nov 14
Last Checked: Nov 14 at 2:03PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This semi-detached duplex, built in 1910, contains approximately 4,000 square feet across three stories and a finished basement. The lower three levels are configured as a four-bedroom, three-bathroom triplex with access to a private garden. A separate apartment on the top floor offers two bedrooms, a home office, and its own entrance. The property will be delivered vacant. Interior details include a carved parlor mantel, deep window casings, crown moldings, and exposed brick at the top-floor chimney breast. The 20-by-50-foot footprint has a maximum buildable area of approximately 7,800 square feet.
Putnam Avenue lies between Bushwick and Bed-Stuy, with shops and restaurants in both areas. The J and Z trains are accessible at Gates Avenue, and the J also stops at Halsey Street. Myrtle-Wyckoff provides L and M train service.
Putnam Avenue lies between Bushwick and Bed-Stuy, with shops and restaurants in both areas. The J and Z trains are accessible at Gates Avenue, and the J also stops at Halsey Street. Myrtle-Wyckoff provides L and M train service.
Key Highlights
- Approximately 4,000 square feet in a semi‑detached duplex
- Lower‑level triplex has 4 bedrooms, 3 bathrooms, and a private garden
- Top‑floor apartment includes 2 bedrooms, a home office, and a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,087
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,801,740
$2.8M
Cap Rate 7%
$2,001,243
$2.0M
Cap Rate 9%
$1,556,522
$1.6M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$204.0K $51.00/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$200.1K $50.03/SF
− OpEx
−$60.0K −$15.01/SF
NOI
$140.1K $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%
$2,801,740
Cap Rate 7%
$2,001,243
Cap Rate 9%
$1,556,522
Alternative Uses
Best Use
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $140,087 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$1.74M
$1.53M – $2.04M
NOI $122,116 @ 7.0% cap · market cap 7.40%
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,758
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
$1,061,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper-level apartment has a separate entrance, two bedrooms, and a home office.
Where is this duplex located?
The property is located at 1171 Putnam Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approximately 4,000 square feet in a semi‑detached duplex; Lower‑level triplex has 4 bedrooms, 3 bathrooms, and a private garden; Top‑floor apartment includes 2 bedrooms, a home office, and a separate entrance
