Back on the market!
Legal 3-Family 4 story BedStuy Brownstone with Details! Introducing 438 Putnam Avenue, perfect for the consummate end-user or investor. Built in 1915 by famed architects, the Parfitt Brothers, this massive four story legal 3-family home is 18.25 ft wide by 47 ft deep and boasts approximately 3,432 square feet of living space. The 19th Century period details this home offers include crown molding, forced air heating vents, inlaid parquet floor, hardwood flooring, skylight, pocket doors, double door built in cabinets and so much more. This home is a true treasure waiting for the right buyer to restore it to its former glory while utilizing it as a pure investment property or convert to condos as there is over 2000 sq ft of build-able available.
With a total of 6 beds and 3.5 full baths, this home can generate a very healthy rental income from the 2 upper rentals (both 1.5 bedrooms each) while living in the lower triplex level with a private garden level backyard space. Situated on a serene and lush tree lined block in bustling Bed-Stuy, you are within a short walk of the hottest/trendy hotspots Brooklyn has to offer right on your corner. Nearest to the A (express) at Nostrand Ave. and C (local) trains at Kingston Ave. You are but a short journey to Barclay's Center (15 min.), Lower Manhattan (20 min.) and Midtown Manhattan (30 min.) Sold as is.
Sold for $1,250,000
$1,250,000
438 Putnam Ave, Brooklyn, NY 11221
6beds
3,432sqft
MultiFamily
Built in 1915
-- sqft lot
$2,625,800 Zestimate®
$364/sqft
$4,767 Estimated rent
Home value
$2,625,800
$2.28M - $3.02M
$4,767/mo
Zestimate® history
Owner options
List your home for rent
$4,767/mo
Rent Zestimate®
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$4,767/mo
Rent Zestimate®
Refinance and save
$7,345/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$7,345/mo
Est. payment
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List your homeWhat's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Forced air
Cooling
- Other
Appliances
- Included: Dryer, Washer
Interior area
- Total interior livable area: 3,432 sqft
Property
Lot
- Size: 1,825 sqft
Details
- Parcel number: 018300007
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1915
Community & neighborhood
Location
- Region: Brooklyn
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2025 | Sold | $1,250,000-37.5%$364/sqft |
Source: Public Record Report a problem | ||
| 3/14/2023 | Listing removed | -- |
Source: | ||
| 2/3/2023 | Price change | $2,000,000-9.1%$583/sqft |
Source: | ||
| 12/15/2022 | Listed for sale | $2,200,000+4.8%$641/sqft |
Source: | ||
| 7/7/2022 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 6/5/2022 | Pending sale | $2,099,000$612/sqft |
Source: StreetEasy Report a problem | ||
| 4/14/2022 | Price change | $2,099,000-2.4%$612/sqft |
Source: StreetEasy Report a problem | ||
| 2/16/2022 | Listed for sale | $2,150,000$626/sqft |
Source: StreetEasy Report a problem | ||
| 4/8/2014 | Listing removed | $1,350 |
Source: Rapid Realty Report a problem | ||
| 2/19/2014 | Price change | $1,350-3.6% |
Source: Rapid Realty Report a problem | ||
| 12/21/2013 | Price change | $1,400-6.7% |
Source: Zillow Rental Network Report a problem | ||
| 11/20/2013 | Listed for rent | $1,500 |
Source: Zillow Rental Network Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,657 -0.1% | $95,100 -15% |
| 2024 | $4,663 | $111,900 +8.4% |
| 2023 | -- | $103,200 -8.8% |
| 2022 | -- | $113,100 +10.2% |
| 2021 | -- | $102,600 +1.2% |
| 2020 | $4,139 +1.1% | $101,340 +17% |
| 2019 | $4,095 +7.2% | $86,640 +374.2% |
| 2018 | $3,822 +8.6% | $18,270 +5.9% |
| 2017 | $3,518 +10.4% | $17,256 +5.9% |
| 2016 | $3,187 | $16,300 +0% |
| 2015 | $3,187 +82.8% | $16,297 +1.1% |
| 2014 | $1,744 | $16,123 +5.9% |
| 2013 | -- | $15,225 +5.9% |
| 2012 | -- | $14,380 +5.9% |
| 2011 | -- | $13,584 +0% |
| 2010 | -- | $13,581 +1.1% |
| 2009 | -- | $13,436 +5.9% |
| 2008 | -- | $12,688 +5.9% |
| 2007 | -- | $11,984 +5.9% |
| 2006 | -- | $11,320 +0% |
| 2005 | -- | $11,318 +1.1% |
| 2004 | -- | $11,197 +5.9% |
| 2003 | -- | $10,574 +5.9% |
| 2002 | -- | $9,987 +5.9% |
| 2001 | -- | $9,434 +0% |
| 2000 | -- | $9,432 |
Find assessor info on the county website
Neighborhood: Bedford-Stuyvesant
Nearby schools
GreatSchools rating
- 6/10Ps 44 Marcus GarveyGrades: PK-5Distance: 0.2 mi
- 6/10Urban Assembly Academy Of Arts And LettersGrades: PK-8Distance: 0.1 mi
- NABrooklyn Academy High SchoolGrades: 10-12Distance: 0.2 mi


