3-Unit Brownstone with Garden
New
For Sale
$2,249,000
232A Putnam Avenue, Brooklyn, NY 11216
Residential Income, Brooklyn, NY
Property Size3,448 SF
Lot Size0.04 Acres
Price / SF$652.26
Days on Market2
Property Features for 232A Putnam Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Laundry Room, Bathroom 1, Bathroom 2, Bedroom 3
Interior features
Walk-In Closet(s)
Subdivision
Bedford-Stuyvesant
High school district
NEW YORK CITY GEOGRAPHIC DISTRICT #13
Directions
Putnam Ave between Bedford Ave and Nostrand Ave. Near A/C trains at Nostrand Ave and G train at Bedford-Nostrand Ave. With bus service along the nearby corridors as well.
Standard status
Active
APN
3018270034
Size
3,448 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4436
Utilities
Heating system
Steam, Oil
Water source
Public
Building Details
Year built
1899
Floors in Building
3
Flooring type
Hardwood
Building materials
Masonite
Roof type
Flat
Architectural style
Other
Buildings
1
Listing Agency:
RENSOL PROPERTIES LTD
(646) 260-9048
Listed By:
Ronald Losner
(917) 295-5493
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 5:06AM
MLS# 12042150
Copyright © 2026 My State MLS. 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 3,448-square-foot Brooklyn brownstone is configured as a legal three-family property. The garden-and-parlor duplex occupies approximately 1,700 square feet and includes two bedrooms, two baths, a granite kitchen with dishwasher, a laundry alcove, and direct access to a private backyard. Two additional apartments, each with two bedrooms, are located above; the top-floor unit has two skylights. The building was constructed in 1899 and has hardwood flooring, steam and oil heating, and a flat roof.
The six-bedroom, four-bath layout combines a larger duplex with two independent apartments. The property sits on a 0.0413-acre lot and has public water service.
The six-bedroom, four-bath layout combines a larger duplex with two independent apartments. The property sits on a 0.0413-acre lot and has public water service.
Key Highlights
- Legal three‑family brownstone with 3,448 square feet
- Garden‑and‑parlor duplex spans approximately 1,700 square feet
- Two upper apartments, each with two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,755
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,415,100
$2.4M
Cap Rate 7%
$1,725,071
$1.7M
Cap Rate 9%
$1,341,722
$1.3M
Market Conditions
NOI Build-Up for 3,448 SF
Gross rent
$175.8K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$172.5K $50.03/SF
− OpEx
−$51.8K −$15.01/SF
NOI
$120.8K $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%
$2,415,100
Cap Rate 7%
$1,725,071
Cap Rate 9%
$1,341,722
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.51M – $2.01M
NOI $120,755 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$1.50M
$1.32M – $1.75M
NOI $105,264 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$2.85M
$2.50M – $3.33M
NOI $199,846 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,956
Businesses Nearby
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Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
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?
Triplex - A garden-and-parlor duplex is paired with two separate apartments in a legal three-family brownstone.
Where is this triplex located?
The property is located at 232A Putnam Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: Legal three‑family brownstone with 3,448 square feet; Garden‑and‑parlor duplex spans approximately 1,700 square feet; Two upper apartments, each with two bedrooms
