Five-Unit Brownstone
748 Putnam Avenue Brooklyn, NY 11221
For Sale
Contact for pricing
Four-story brownstone building with five units and original details.
Property Size3,420 SF
Price / SF$497.08
Days on Market63
Property Features for 748 Putnam Avenue
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Multifamily
Building Details
Year Built
1950
Listing Agency:
Brown Harris Stevens
(212) 396-8244
Listed By:
Kervin Vales · License #109918089
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 27 at 1:59PM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This is a four-story brownstone building with five units. The building is 19 feet wide. The first floor features a one-bedroom floor-through garden apartment. The second floor contains a one-bedroom floor-through apartment. The third floor includes two, one-bedroom apartments. The fourth floor offers a one-bedroom floor-through apartment. The property retains all original details and receives ample sunlight. The property size is 3420 square feet.
Key Highlights
- Five‑unit brownstone building
- Four‑story structure
- Includes a one‑bedroom garden apartment
Financial Insights For Apartment 5plus
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 | $193.7k | $56.64 |
| − Vacancy | −$3.9k | −$1.13 |
| EGI | $189.8k | $55.51 |
| − OpEx | −$85.4k | −$24.98 |
| NOI | $104.4k | $30.53 |
3,420 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,409 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,223 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story brownstone building with five units and original details.
Where is this apartment building located?
The property is located at 748 Putnam Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Five‑unit brownstone building; Four‑story structure; Includes a one‑bedroom garden apartment
