Property Description for 1170 Putnam Ave
NEWLY RENOVATED 2 FAMILY HOUSE for sale in Bushwick! This 3 story house consists of a 3 bedroom, 2.5 bath duplex over a 2 bedroom, 1 bath floor-through garden duplex unit with access to the semi-finished basement. Both kitchens feature stainless steel appliances including dishwashers, and both units have washer/dryers. Soaring 12 foot ceilings on the 3rd floor and an impressive 10 foot ceiling height on the parlor floor give the duplex an open, airy feel. Additional features include central A/C and heat, decorative fireplaces, exposed brick, and Brazilian walnut hardwood floors. The duplex has a deck with stairs down to the garden; the garden is shared. Live in the duplex and collect $ 2,600 monthly from the garden unit (rented until July 1, 2018), or rent both units and collect $ 6,200 monthly. Cap rate of about 4.7% (fully rented, including expenses), tenants pay their own utilities. Duplex will be vacant May 1, 2017 and was rented for $ 3,600. This unit could likely fetch $ 4,100, while the garden duplex could fetch $ 3,000 with a finished basement; cap rate of about 5.5%. Great location, just an 8 minute walk to the J,Z trains. Shown by appointment only, email or call Bryan Tomczuk today to view.