Skip main navigation
Off market
  • $1,318,700

    1242 Putman Ave, Brooklyn, NY 11221

    7beds
    2,700sqft
    MultiFamily
    Built in 1910
    -- sqft lot
    $1,318,700 Zestimate®
    $488/sqft
    $3,946 Estimated rent

    Home value

    $1,318,700

    $1.11M - $1.54M

    $3,946/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $3,946/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $3,946/mo

    Rent Zestimate®

    Refinance and save

    $7,795/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $7,795/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    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!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    • Full bathrooms: 3
    Interior area
    • Total interior livable area: 2,700 sqft

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1910

    Community & neighborhood

    Location
    • Region: Brooklyn

    Price history

    DateEventPrice
    5/16/2023Listing removed--
    Source: StreetEasy Report a problem
    3/20/2023Pending sale$1,200,000$444/sqft
    Source: StreetEasy #22308552 Report a problem
    2/27/2023Listed for sale$1,200,000$444/sqft
    Source: StreetEasy #22308552 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Bushwick

    Nearby schools

    GreatSchools rating