Brooklyn, NY 11221,1242 PUTNAM Avenue #NA
See all 3 photos
Brooklyn, NY 11221,1242 PUTNAM Avenue #NA
Brooklyn, NY 11221,1242 PUTNAM Avenue #NA
Listing Courtesy of Douglas Elliman Real Estate

$1,180,000

Est. payment /mo

$1,200,000

1.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1242 PUTNAM Avenue #NA Brooklyn, NY 11221

7 Beds

3 Baths

2,700 SqFt

SOLD DATE : 05/16/2023

Key Details

Sold Price $1,180,000

Property Type Townhouse

Sub Type Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $437

Subdivision Bushwick

MLS Listing ID RPLU-5122308552

Sold Date 05/16/23

Bedrooms 7

Full Baths 3

HOA Y/N No

Year Built 1910

Annual Tax Amount $2,880

Property Description

Incredible 3-story, legal 3-family brick and brownstone townhouse just hitting the market in Bushwick! This is the investment property you've been looking for, whether it's a fix-and-flip or a lucrative rental property, this is an astonishing opportunity to gut renovate, build higher and even extend out the back! The owners are seeking all cash offers so this property is perfect for any investor or fixer upper. With a total of 7 bedrooms, spanning 3 stories, this legal 3-family has well over 2,700 square feet of living space and another 900 square feet in the basement. The building itself is 20 by 45 square feet on a lot 20 by 100 square feet with R6 zoning and 2.43 FAR so there's plenty of room to grow to a potential of over 4,860 square feet in total! There's unused FAR totaling over 2,160 square feet, so any new owner may easily build up on top or even extend an addition onto the back! With cost-effective current taxes of $2,881, this has enormous investment potential. There's also a substantial and spacious backyard, perfect for creating a highly desirable outdoor garden space! While the home itself is in need of a complete makeover, the pure potential of this property is one-of-a-kind. Situated on this beautiful and well-kept block, right around the corner from Bushwick Avenue, just a 5-minute walk to the J and Z trains at Gates Avenue and seconds to popular night spots like the Halsey Ale House and Bar Cornelia, you have everything you could want and need close by. Imagine the lucrative rent roll on a big 3-family townhouse busting with space in the highly desirable neighborhood of Bushwick! Don't wait, call today!

Location

State NY

County Kings

Building Detail https://giampaoloienna.com/nyc/buildings/1242-putnam-ave?listingId=1164736729&sold-listing=true

Rooms

Basement Other

Interior

Fireplace No

Laundry In Unit

Exterior

View Y/N No

View Other

Porch None

Private Pool No

Building

Story 2

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $240

Special Listing Condition Standard

Pets Description Building Yes, No

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


REBNY VOW

Giampaolo Ienna

Licensed Real Estate Salesperson | License ID: 10401269720

+1(646) 404-3668

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Free Account Required