Two-Family Duplex with Private
For Sale
$1,650,000
1247 Putnam Avenue, Brooklyn, NY 11221
Five bedrooms, four bathrooms, and a backyard provide flexible space across the two-family residence.
Property Size2,754 SF
Price / SF$599.13
Days on Market8
Property Features for 1247 Putnam Avenue
General Information
Standard status
Active
Size
2,754 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,320
Amenities
private parking
backyard
Building Details
Building Size
2,754 SF
Year Built
2009
Buildings
1
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Douglas Daniels
(718) 645-1665
Source:
Penrealty
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 25 at 2:26AM
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 MadisonEstates Sothebys Realty
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Investment Insights
Based on property information with market context.
This two-family duplex in Brooklyn contains 5 bedrooms and 4 bathrooms, with a backyard and private parking. Built in 2009, the property offers a residential configuration with outdoor space and dedicated vehicle parking.
Walk Score and Bike Score are both 86, while Transit Score is 98, reflecting the property's recorded scores for walking, biking, and transit access.
Walk Score and Bike Score are both 86, while Transit Score is 98, reflecting the property's recorded scores for walking, biking, and transit access.
Key Highlights
- Two‑family duplex with 5 bedrooms and 4 bathrooms
- Built in 2009
- Private parking and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,450
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,929,000
$1.9M
Cap Rate 7%
$1,377,857
$1.4M
Cap Rate 9%
$1,071,667
$1.1M
Market Conditions
NOI Build-Up for 2,754 SF
Gross rent
$140.5K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$137.8K $50.03/SF
− OpEx
−$41.3K −$15.01/SF
NOI
$96.4K $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%
$1,929,000
Cap Rate 7%
$1,377,857
Cap Rate 9%
$1,071,667
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,450 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,077 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$2.28M
$2.00M – $2.66M
NOI $159,622 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,740
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Five bedrooms, four bathrooms, and a backyard provide flexible space across the two-family residence.
Where is this duplex located?
The property is located at 1247 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: Two‑family duplex with 5 bedrooms and 4 bathrooms; Built in 2009; Private parking and backyard
