Two-Family Townhouse with Outdoor
265 Putnam Avenue, Brooklyn, NY 11216
For Sale
New
$2,200,000
A separate two-bedroom residence occupies the upper floor, alongside the owner’s duplex.
Property Size3,200 SF
Price / SF$687.50
Days on Market5
Property Features for 265 Putnam Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
gas fireplace
wine refrigerator
washer/dryer
pre-wired speakers
outdoor kitchen
cabana
balcony
Jacuzzi tub
TV mirror
skylight
mini-split heating system
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Compass
Listed By:
Erion Ahmetaj · License NY #10301219187
(917) 597-5736
Source:
Carlinwright
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 2:02PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1910 Federal-style townhouse is zoned for single-family use and currently arranged as two residences: an owner’s duplex and a separate two-bedroom unit on the top floor. The home includes a garden-level kitchen with an island, quartz counters, stainless steel appliances, and a built-in wine refrigerator. A Mitsubishi mini-split system and updated bathroom tile are among the improvements. The rear yard features a covered outdoor kitchen with a burner, mini refrigerator, sink, and grill, plus a cabana with bifold glass doors.
The owner’s upper-level primary bedroom opens to a private balcony and has an en-suite bath with a Jacuzzi tub and separate shower. Hardwood floors and custom closets are among the townhouse’s interior details. Restaurants, cafes, bars, and shops along Nostrand and Bedford Avenues are nearby, as are Herbert Von King Park and the A, C, G, and S subway lines.
The owner’s upper-level primary bedroom opens to a private balcony and has an en-suite bath with a Jacuzzi tub and separate shower. Hardwood floors and custom closets are among the townhouse’s interior details. Restaurants, cafes, bars, and shops along Nostrand and Bedford Avenues are nearby, as are Herbert Von King Park and the A, C, G, and S subway lines.
Key Highlights
- Currently configured as an owner’s duplex plus a separate two‑bedroom residence
- Single‑family zoning; currently used as a two‑family residence
- Covered backyard kitchen with burner, mini refrigerator, sink, and barbecue grill
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,069
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,241,380
$2.2M
Cap Rate 7%
$1,600,986
$1.6M
Cap Rate 9%
$1,245,211
$1.2M
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$163.2K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$160.1K $50.03/SF
− OpEx
−$48.0K −$15.01/SF
NOI
$112.1K $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%
$2,241,380
Cap Rate 7%
$1,600,986
Cap Rate 9%
$1,245,211
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,069 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,693 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
2
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
$1,398,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate two-bedroom residence occupies the upper floor, alongside the owner’s duplex.
Where is this duplex located?
The property is located at 265 Putnam Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Currently configured as an owner’s duplex plus a separate two‑bedroom residence; Single‑family zoning; currently used as a two‑family residence; Covered backyard kitchen with burner, mini refrigerator, sink, and barbecue grill
