Two-Family Duplex with
For Sale
$1,650,000
1247 Putnam Avenue, Brooklyn, NY 11221
Residential, Duplex, Brooklyn, NY
Property Size2,754 SF
Lot Size0.04 Acres
Price / SF$599.13
Days on Market8
Property Features for 1247 Putnam Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3
Parking features
Carport
Interior features
Refrigerator, Stove
Subdivision
Bushwick
Standard status
Active
Size
2,754 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
9320
Amenities
private parking
backyard
Building Details
Year built
2009
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Douglas Daniels
(718) 645-1665
Added: Oct 19
Changed: Oct 20
Last Checked: Oct 26 at 12:06PM
MLS# 505458
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.
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Investment Insights
Based on property information with market context.
This two-family duplex in Brooklyn contains 2,754 square feet, with five bedrooms and four bathrooms. Built in 2009, the brick residence has hardwood flooring, a flat roof, and a backyard. A refrigerator and stove are included, and parking is provided by a carport.
The property occupies a 0.0406-acre lot and is zoned R6. Its address is 1247 Putnam Avenue in Brooklyn, NY 11221.
The property occupies a 0.0406-acre lot and is zoned R6. Its address is 1247 Putnam Avenue in Brooklyn, NY 11221.
Key Highlights
- Two‑family duplex with 5 bedrooms and 4 bathrooms
- 2,754 square feet on a 0.0406‑acre lot
- Built in 2009 with brick construction and hardwood flooring
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 - The Brooklyn residence pairs five bedrooms and four bathrooms with a private carport and outdoor space.
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; 2,754 square feet on a 0.0406‑acre lot; Built in 2009 with brick construction and hardwood flooring
