Mixed-Use Buildings in Prime
14 Putnam Ave, Brooklyn, NY 11238
Two mixed-use buildings with retail and residential units for sale.
Type:Multifamily
Property size:
4,350 SFPrice / SF:
$964/SF- Added:
- Mar 16, 2026
- Days on Market:
- 108
- Last Refresh:
- Mar 19 at 11:41 pm
Property Features for 14 Putnam Ave
General Information
- Standard status
- Active
- Size
- 4,350 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing office Marcus & Millichap - Manhattan
Listing date Mar 16, 2026
Source Crexi
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 Marcus & Millichap - Manhattan
HighLights
- High‑performing asset with a 6.9% cap rate, rare for fully free‑market mixed‑use properties in this location.
- Unique single tax‑lot acquisition with two separate mixed‑use buildings on one lot, generating significant income.
- 100% free market property with 2 apartments and 1 retail space in each building.
- Prime location at the intersection of Clinton Hill and Bedford‑Stuyvesant, experiencing substantial new development and increasing density.
- Retail spaces are occupied by established businesses: a long‑standing neighborhood bar/restaurant and a popular local Mexican restaurant.
- Close proximity to multiple major subway lines along Fulton Street, providing strong connectivity.
Overview
The property at 14 Putnam Avenue / 1015 Fulton Street is a unique acquisition featuring two separate mixed-use buildings on a single tax lot, spanning from Fulton Street through to Putnam Avenue. The sale encompasses two buildings, each comprising 2 apartments and 1 retail space, all 100% free market and generating significant income. On Putnam Avenue, the retail space houses Hartley’s, a well-known neighborhood bar and restaurant. The Fulton Street side features a popular local Mexican restaurant. The residential units across both buildings are well-leased and positioned to remain highly competitive. The combined net operating income represents a 6.9% cap rate. The property is situated at the intersection of Clinton Hill and Bedford-Stuyvesant, an area experiencing substantial new development, increasing density, and continued retail and residential demand. The location offers close proximity to multiple major subway lines along Fulton Street, providing strong connectivity.
Local Financial Insights For Specialty Retail
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 | $365.4k | $84.00 |
| − Vacancy | −$29.2k | −$6.72 |
| EGI | $336.2k | $77.28 |
| − OpEx | −$84.0k | −$19.32 |
| NOI | $252.1k | $57.96 |
4,350 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.60M
$3.15M – $4.20M
NOI $252,126 @ 7.0% cap · market cap 6.01%
Second Best
Mixed Use
$2.26M
$1.97M – $2.63M
NOI $157,905 @ 7.0% cap · market cap 3.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Hartley's
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.96143
- Latitude
- 40.682661
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two mixed-use buildings with retail and residential units for sale.
Where is this mixed-use property located?
The property is located at 14 Putnam Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: High‑performing asset with a **6.9% cap rate**, rare for fully free‑market mixed‑use properties in this location.; Unique single tax‑lot acquisition with two separate mixed‑use buildings on one lot, generating significant income.; 100% free market property with 2 apartments and 1 retail space in each building.
