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    Clinton Hill Three-Family Brownstone Title is generated by Realmo AI

    60 Putnam Ave, Brooklyn, NY 11238

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    Claim this Listing
    For Sale
    $3,300,000

    Multi-Unit (2-4) - Brooklyn, NY

    Property size:
    3,040 SF
    Price / SF:
    $1,085/SF
    Added:
    Jan 21, 2026
    Days on Market:
    130
    Last Refresh:
    May 31 at 11:06 am

    Property Features for 60 Putnam Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage
    Standard status
    Active
    Size
    3,040 SF

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Floors in Building
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Joan D Haynes

    Listing agent Joan D Haynes

    Listing office JOAN D HAYNES BLESSED REAL ESTATE LLC 253 E 52ND ST, BROOKLYN, NY

    Listing date Jan 21, 2026

    MLS# 11634082 Listing URL

    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.

    HighLights

    • Mint condition three‑family brownstone in Clinton Hill, easily convertible back to its original configuration.
    • Features five bedrooms and three bathrooms across the units.
    • Combines original details like crown molding, banisters, French doors, and a skylight with modern amenities including remodeled bathrooms and updated kitchens with stainless steel appliances.
    • Includes a spacious backyard for outdoor entertaining.
    • Conveniently located near trendy restaurants, stores, gyms, schools, parks, subways, and buses.
    • Full unfinished basement offers potential for customization.

    Overview

    Located in Clinton Hill, 60 PUTNAM AVE is a three-family brownstone in mint condition. Situated between Irving Place and Classon Avenue, the property is currently used as a two-family home but can easily be converted back into a three-family configuration. The property features five bedrooms. The third and first floors each have two bedrooms and one bathroom, while the walk-in level has one bedroom and one bathroom. Many original details have been maintained, including crown molding, banisters, French doors, and a skylight. Modern amenities include remodeled bathrooms with modern fixtures, updated glass-enclosed walk-in showers, and kitchens with countertops, stainless steel appliances, built-in microwaves, and wine racks. A washer and dryer are also included. The full unfinished basement offers potential for additional living space or entertainment. A spacious backyard is available for outdoor activities. The surrounding neighborhood offers restaurants, stores, gyms, schools, parks, subways, buses and other conveniences. The property is sold as is. The property size is 3,040 square feet and the lot size is 0 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.959263
    Latitude
    40.682809

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    FAQs

    What type of property is this?
    Triplex - Three-family brownstone in Clinton Hill, easily converted back.
    Where is this triplex located?
    The property is located at 60 Putnam Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Mint condition three‑family brownstone in Clinton Hill, easily convertible back to its original configuration.; Features five bedrooms and three bathrooms across the units.; Combines original details like crown molding, banisters, French doors, and a skylight with modern amenities including remodeled bathrooms and updated kitchens with stainless steel appliances.
    (917) 733-7149
    We can help!
    Listing Contact
    Joan D Haynes
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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