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334 Putnam Ave., Brooklyn, NY 11216

Active Listing
Listing Details:
$1,495,000 Price
Single-Family Townhouse Property Type
Bed Stuy Neighborhood
5 Beds
4 Baths
2,911 Approx. Sq. Ft.
$447 RET
Key Features:
Allows Pets
Unit Garden

Have you ever dreamt of creating your own Brooklyn brownstone or owning a fantastic income-generating property? This is your opportunity! Located on a picturesque landmarked Putnam Avenue between Marcy and Nostrand, this legal four family brownstone is ready for its new owners to create their dream home or to start collecting excellent rents. The current owners have already received DOB and Landmark approval to create a spectacular two-family townhouse. The leg work is already done for you; all you need to do is execute. The finished product will be a gorgeous owner's triplex with a garden rental. There is a tenant in the garden apartment at the moment and the owners are selling the building as is. We are happy to provide all information regarding the plans and approvals. If you would like to keep the building as is, you have the opportunity to collect excellent market value rents. The current layout is outlined in the floor plans. The potential rental income is north of $8,000 per month with minor improvements made.

This is a phenomenal opportunity to get into a market where finished townhouses easily eclipse the multi-million dollar price point on a daily basis. On top of that, you can truly create your own townhouse or have a fantastic addition to your portfolio.

Listing courtesy of Compass

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