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  • Price cut: $750K (6/23)
    $2,750,000

    425 Putnam Ave, Brooklyn, NY 11221

    5beds
    3,615sqft
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    Multi Family
    Built in 1899
    -- sqft lot
    $2,669,600 Zestimate®
    $761/sqft
    $-- HOA

    What's special

    Open southern exposureGrand interior staircaseCeiling heightsScale of the rooms
    PRICE DROP!! Welcome to 425 Putnam Avenue, a 19-foot-wide legal two-family brownstone set on one of Bedford-Stuyvesant's most beautiful tree-lined blocks. Spanning approximately 3,615 square feet across four levels — plus a 745 square foot cellar with 7 foot ceilings — this is the kind of property that draws buyers who understand what original Brooklyn architecture actually means, and what it costs to find it intact. From the moment you arrive, the home announces its pedigree. The original entry door, beautifully preserved, opens into a grand interior staircase that anchors the home and speaks to the craftsmanship of its era. Throughout the property, exposed brick fireplaces appear in multiple rooms — not as decorative afterthoughts, but as original architectural features that give each space a warmth and character that simply cannot be replicated. The scale of the rooms, the ceiling heights, and the quality of the original details place this firmly among the most authentic brownstones available in the neighborhood today. Light is a genuine asset here. The home receives exceptional natural light throughout the day, further enhanced by skylights that draw the sun deep into the interior. Paired with the open southern exposure typical of Putnam Avenue's north-facing blocks, the result is a home that feels airy and alive at every hour. The well-appointed kitchen is move-in ready, and the private backyard — generous in scale and fully enclosed — offers the kind of outdoor living space that Brooklyn buyers consistently prioritize and pay a premium for. Below grade, the full cellar level with cement floors provides substantial additional square footage for storage, mechanicals, or future buildout. The two-family configuration offers immediate flexibility: live in one unit and lease the other, or hold the property as a fully income-producing asset in one of Brooklyn's strongest rental markets. Either way, the carrying costs are manageable and the demand is consistent. Currently utilized as a single family home with multiple kitchens, the property will be delivered vacant. For buyers with an eye on long-term value, the air rights tell a compelling story. With a current FAR of 2.32 against a residential maximum of 3.0, there are approximately 1,059 square feet of unused, buildable area — a meaningful development opportunity, subject to DOB approval, that adds a dimension of upside that most comparable properties on this block simply cannot offer. The property also offers approximately 1590 square feet of outdoor space, including the existing roof. Conveniently located near the A and C trains at Nostrand Avenue, and surrounded by the restaurants, cafés, and cultural institutions that have made Bed-Stuy one of Brooklyn's most sought-after addresses, 425 Putnam Avenue represents a rare convergence of original character, functional income potential, and genuine future upside. Legal 2-family | 19' wide | ~3,615 sq ft | Full cellar | Private backyard | Skylights | Exposed brick fireplaces | Original staircase & entry door | 1,059 sq ft remaining buildable | R6B zoning
    56 days
    |
    680
    |
    24
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    SERHANT. 212-812-0692,

    Corrin Thomas,

    Nick Norman

    Source: StreetEasy,MLS#: S1828095

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Appliances
      • Included: Dishwasher, Washer/Dryer
      Features
      • Flooring: Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 3,615
      • Total interior livable area: 3,615 sqft

      Property

      Features
      • Patio & porch: Other
      • Exterior features: Garden
      • Has view: Yes
      • View description: Garden
      Details
      • Parcel number: 018250076
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Roof: Roof Rights
      Condition
      • Year built: 1899

      Community & HOA

      Community
      • Subdivision: Bedford-Stuyvesant
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $761/sqft
      • Tax assessed value: $1,738,000
      • Annual tax amount: $4,872
      • Date on market: 5/18/2026

        Estimated market value

        $2,669,600

        $2.54M - $2.80M

        $5,049/mo

        Price history

        DateEventPrice
        6/23/2026Price change$2,750,000-21.4%$761/sqft
        Source: StreetEasy #S1828095 Report a problem
        5/18/2026Listed for sale$3,500,000-10.3%$968/sqft
        Source: StreetEasy #S1828095 Report a problem
        3/3/2026Listing removed--
        Source: Owner Report a problem
        3/1/2026Price change$3,900,000-20.4%$1,079/sqft
        Source: Owner Report a problem
        2/3/2026Listed for sale$4,900,000+774.2%$1,355/sqft
        Source: Owner Report a problem
        3/16/2016Listing removed$2,100$1/sqft
        Source: Ideal Properties Group Report a problem
        2/27/2016Listed for rent$2,100$1/sqft
        Source: Ideal Properties Group Report a problem
        6/8/2005Sold$560,500+21.8%$155/sqft
        Source: Public Record Report a problem
        7/3/2004Sold$460,000$127/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,877 -0.3%$104,280 -15%
        2024$4,894 $122,700 +5.6%
        2023-- $116,220 -4.5%
        2022-- $121,740 -4.2%
        2021-- $127,140 +8.8%
        2020$4,335 +0.9%$116,880 +18.4%
        2019$4,298 +7.2%$98,700 +415%
        2018$4,009 +8.7%$19,166 +5.9%
        2017$3,688 +10.5%$18,093 +6%
        2016$3,339 $17,076 +0.1%
        2015$3,339 +62.2%$17,067 +0.9%
        2014$2,059 $16,920 +5.9%
        2013-- $15,972 +5.9%
        2012-- $15,078 +6%
        2011-- $14,230 +0%
        2010-- $14,223 +0.9%
        2009-- $14,100 +5.9%
        2008-- $13,310 +5.9%
        2007-- $12,565 +6%
        2006-- $11,859 +0.1%
        2005-- $11,853 +0.9%
        2004-- $11,750 +5.9%
        2003-- $11,092 +5.9%
        2002-- $10,471 +5.9%
        2001-- $9,883 +0.1%
        2000-- $9,878
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Bedford-Stuyvesant

        Getting around

        98 / 100
        Walker's Paradise
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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