Updated 11 years ago
Sold
518 Putnam Ave
Bedford Stuyvesant, Brooklyn | Throop Ave & Marcus Garvey Blvd
20 Rooms12 Beds4 Baths3,240 Square FeetMulti-Family
$1,280,000
floors / apts4 / 2
Lot Size18'x100'
Built Size18'x45'
ZoneR6B
Building TypeTownhouse
RE Taxes$3,874
Price Per SF
$395
This property was sold for $1,280,000 on 06/27/14.
Listing Features
- Original Details
Building Amenities
- Stoop Entry
Property Description for 518 Putnam Ave
> Located within the burgeoning nexus of Bed-Stuy's historic disticts, 518 Putnam Avenue is a jewel in the rough awaiting a savvy investor or homeowner to repurpose and restore her to glory.
> Delivered vacant, this contractor's special is an immense volume of space (3,240 sq ft) which would make ideal floor-through apartments, a spacious double-duplex or a stunning single family home.
> Bring your vision and take advantage of this unique moment to capitalize on a solid house priced competitively for the area.
> On a tree-lined block and shaded by a majestic sycamore tree, you will find the original wraparound stoop with ironwork and brownstone facade, and inside the original staircase, parquet floors, doors, mantles and moldings.
> 518 Putnam faces newly constructed PS 44 school-yard allowing light and open space.
> Close to transportation, Raymnond Bush Playgournd, shopping and the new restaurant scene on Lewis Ave.
> Full set-up with projected NOI and 8.5% cap rate available upon request.
> Pictures and floor plan soon.
> First open house Sunday June 1, 2:30-4:00
Listing History for 518 Putnam Ave
Now
06/30/2014
$1,280,000
Sold and Closed by Jeff Gardner
Corcoran
06/27/2014
Contract Signed by Jeff Gardner
Corcoran
Building Details for 518 Putnam Ave
OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts4/2
Transit and Citi Bike
Subway
Kingston-Throop Avs
0.34 miles
Citi Bike
Putnam Ave & Throop Ave
0.03 miles
Monroe St & Marcus Garvey Blvd
0.16 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 54453TH
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