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Multifamily Conversion Opportunity
For Sale
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Pending

481 Putnam Ave, Brooklyn, NY 11221

Two-family building with approved plans, permits, and certificates of non-harassment in place for conversion work.

Property SizeContact for details
Days on Market142

Property Features for 481 Putnam Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Continental Real Estate Group
Listed By: Derek Eisenberg · License #2011000022
Source: Crexi
Added: Apr 11 Changed: Aug 15 Last Checked: Aug 29 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 Continental Real Estate Group

Investment Insights

Based on property information with market context.

The property is a brownstone multifamily building configured as a two-family, with owners living in a triplex over a rental unit. The asset was originally classified as a single-room occupancy dwelling, and the seller indicates that approved plans and permits are already in place for the conversion. Certificates of non-harassment have also been issued, as reflected in the provided remarks.

The property is located at 481 Putnam Ave in Brooklyn, NY 11221.

The listing describes this as a conversion-ready income property with the key approvals and documentation already established.

Key Highlights

  • Two‑family building with approved plans and permits for conversion work
  • Certificates of non‑harassment have been issued for the conversion
  • Owners’ triplex over a rental unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Auto Parts Store Real Estate Agency Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,056
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family building with approved plans, permits, and certificates of non-harassment in place for conversion work.
Where is this duplex located?
The property is located at 481 Putnam Ave Brooklyn, NY.
What are key features of this property?
This property features: Two‑family building with approved plans and permits for conversion work; Certificates of non‑harassment have been issued for the conversion; Owners’ triplex over a rental unit
(877) 996-5728 Call to check price and availability
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