Renovated Four-Family
718 Putnam Avenue Entire Building, Brooklyn, NY 11221
For Sale
$2,699,000
Pending
Three apartments sit above an owner's garden-level triplex, with individual mini-split systems serving the units.
Property Size3,100 SF
Days on Market49
Property Features for 718 Putnam Avenue Entire Building
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Gross Income
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Sothebys International Realty
Listed By:
Steve A Sallion
(212) 431-2440
Source:
Archpointadvisory
Added: Sep 23
Changed: Nov 8
Last Checked: Nov 9 at 6:14PM
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 Sothebys International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,100-square-foot, four-family brownstone was built in 1910 and has been substantially renovated. Its layout pairs an owner's residence across the lower, garden, and parlor levels with three separate apartments above. Improvements include updated kitchens and bathrooms, new flooring and contemporary lighting, plus a finished lower level incorporated into the owner's home. A hardscaped rear garden and rebuilt front stoop add outdoor space and a refreshed entrance.
All four apartments are free-market. The owner's triplex is occupied month-to-month and may be delivered vacant. Individual mini-split heating and cooling systems are installed throughout, and the apartments above provide additional rental units. Several leases expire during 2026, offering flexibility in occupancy over time.
All four apartments are free-market. The owner's triplex is occupied month-to-month and may be delivered vacant. Individual mini-split heating and cooling systems are installed throughout, and the apartments above provide additional rental units. Several leases expire during 2026, offering flexibility in occupancy over time.
Key Highlights
- Four‑family brownstone with 3,100 square feet
- Owner's garden triplex plus three apartments above
- Renovated kitchens and bathrooms, updated flooring, and contemporary lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,567
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,171,340
$2.2M
Cap Rate 7%
$1,550,957
$1.6M
Cap Rate 9%
$1,206,300
$1.2M
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$158.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$155.1K $50.03/SF
− OpEx
−$46.5K −$15.01/SF
NOI
$108.6K $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%
$2,171,340
Cap Rate 7%
$1,550,957
Cap Rate 9%
$1,206,300
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,567 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,640 @ 7.0% cap · market cap 3.51%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $2.99M
NOI $179,676 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,518
Businesses Nearby
Explore this area
Business Placement
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
$1,061,400
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments sit above an owner's garden-level triplex, with individual mini-split systems serving the units.
Where is this quadplex located?
The property is located at 718 Putnam Avenue Entire Building Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Four‑family brownstone with 3,100 square feet; Owner's garden triplex plus three apartments above; Renovated kitchens and bathrooms, updated flooring, and contemporary lighting
