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$2,357,017
List Price: $2,399,000
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289 Putnam Avenue #1
Condo in Bedford-Stuyvesant •  building info
4bd • 3ba
Buy with Yoreevo

$2,357,017

List Price

$2,399,000

Key Details
Days on market
6
Last price change
loading...
Estimated payment
$13,294/mo
Taxes
N/A
Maintenance
N/A
Description
Move-In Ready Investment Property, Three-Family Brownstone in the Heart of Bed-Stuy Perfectly positioned on a picturesque tree-lined block between Nostrand and Bedford Avenue, this move-in ready three-family brownstone embodies the timeless charm and modern functionality that define Brooklyn living. Set on a 20 x 100 lot with approximately 2,800 square feet of living space, the home offers a thoughtfully designed layout across three levels, including a finished basement with abundant storage and separate gas and electric meters for each unitideal for owners or investors seeking income-producing flexibility. The property was gut renovated in 2016 with additional updates in 2022, combining historic character with modern comfort. A gas heating system, hardwood floors, high ceilings, and oversized windows fill the interiors with warmth and light. The garden level features a spacious one-bedroom, one-bath residence with an open kitchen complete with a large island, granite countertops, and stainless-steel appliances including a dishwasher. A mudroom opens to a serene 20' x 49' backyard, perfect for outdoor entertaining or quiet relaxation. The parlor floor showcases elegant original details and a sun-drenched living area, alongside an open kitchen and a windowed bath finished with subway tiles. Upstairs, the second-floor apartment offers a generous living space with an open kitchen, king-sized bedroom, and a flex room ideal for a home office or nursery. Perfect for investors or end-users alike, the property can also be easily converted to a two-family with an income-producing unit, offering versatility and a potential gross annual return of approximately 45% at the asking price of $2.4 million. Located minutes from the A/C trains at Nostrand Avenue and the G train at Bedford/Nostrand, residents enjoy easy access to local cafes, restaurants, and boutiques that make Bed-Stuy one of Brooklyns most vibrant and beloved neighborhoods. Property will be delivered vacant OPEN HOUSE BY APPOINTMENT ONLY.

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Home features
Hardwood floors
Storage Available
Building info

History
What it'll cost
Purchase price
$2,399,000
Asking Price: $2,399,000
Term
30 Years
Down Payment
$239,000 (10%)
Min: 10% (239,000)
Rate
6.25 %
Mortgage Amount
$2,159,100
Mortgage Payment
$13,294
Common Charges
$0
Taxes
$0
Estimated Yoreevo rebate
$41,983
Estimated closing cost
$90,000
Total monthly cost $13,294
Buy your dream home with us and get an estimated $41,983 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Brennan Realty Services

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