$1,350,000
Updated a month ago
Off Market

1168 Putnam Ave

Bushwick, Brooklyn | Bushwick Ave & Evergreen Ave

12 Rooms9 Beds3 Baths2,364 Square FeetMulti-Family

$1,350,000
floors / apts3 / 3
Lot Size17'x100'
Built Size17'x45'
ZoneR6
Building TypeTownhouse
RE Taxes$2,954
Price Per SF
$571

Property Description for 1168 Putnam Ave

Introducing 1168 Putnam Avenue - Prime Bushwick Investment Property. Built in 1901 this 3 story (35ft) structure has recently been renovated with little to no repairs needed. The ground floor duplex (unfinished basement) has 3 bedrooms and 1 full bathroom. The second floor (Parlor) and (Top) floor are both 3 bedrooms with one full bathroom. With low annual operational cost, including low taxes and rising rents an investor can easily expect a cap rate of 5% return.


Built size:17.5 X 45
Lot size: 17.5 X 100
SQ FT 3,341
Taxes: $3,004


Located in Central South Bushwick on a residential one way street just a few blocks off the J, Z, Subway lines and a short distance from Irving Square Park. The surrounding neighborhood offers a myriad of options for shops, cafes, bars, restaurants, grocery stores and more, with easy access to the Jackie Robinson Expwy. Please reach out for a full set up and to schedule a showing

Listing History for 1168 Putnam Ave

Now
08/30/2023
POM by Shloma Hecht
Corcoran
06/01/2023
Expired by Shloma Hecht
Corcoran

Building Details for 1168 Putnam Ave

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Halsey St
0.24 miles
Gates Av
0.29 miles

Citi Bike

Madison St & Evergreen Ave
0.1 miles
Jefferson Ave & Evergreen Ave
0.11 miles

Contact Agent

Contact Agent

Licensed As
Shloma Zalman Hecht
Salesperson
License#:
10401257986
Company:
Corcoran
Shloma Hecht
Corcoran

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

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: 88730TH