NOT LISTED FOR SALE

1244 Putnam Ave Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $1,197,000 - $1,531,000

6 Beds
3 Baths
2,700 Sq Ft
$489/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $1,280,000 $474 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,459/month

131 Days on Market

Highlights

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Steam

About This Home

As of April 2021

Fully Leased Townhouse investment property with a cap rate of over 5.3% and potential for much higher. 1244 Putnam Ave is a newly renovated 2 family, 20X45 brick building consisting of 3 floors and a basement. R6 zoning on a 20X100 lot allows for additional FAR of 2,160SF to develop this building. The top floor unit is a 2 bedroom(3 bedroom convertible) with an office space and full bathroom and is currently renting for $2,300/month. The main unit is a triplex with 4 bedrooms(5 bedroom convertible), 2 bathrooms, washer/dryer and access to the backyard. It is currently being rented for $4,450/month. Tenants pay for electric and cooking gas. Upgrades include new hardwood floors, windows, electric, plumbing, boiler and hot water heater. Renovated kitchens come with stainless steel appliances. Tons of natural light throughout. Close to many restaurants, cafes and shops. Short walk to Irving Square Park and the J/Z/L train.

Last Agent to Sell the Property

Sammy Noiman

Kapital Real Estate License #10401235383 Listed on: 11/06/2020

Last Buyer's Agent

Non Non OneKey Agent

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,304

Year Built

  • Built in 1910

Lot Details

  • 1,999 Sq Ft Lot
  • Two or More Common Walls

Parking

  • Off-Street Parking

Home Design

  • 2,700 Sq Ft Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for cooking gas, electricity

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,304

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Year Built: 1910
  • Attribution Contact: 718-450-3669
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Unfinished
  • Total Bedrooms: 6
  • Living Area: 2700.00
  • Square Footage: 2700.00

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Off Street

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water, Steam
  • Hot Water: Gas Stand Alone
  • Sewer: Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Call Listing Agent
  • Middle School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Size Area: 0.0500
  • Lot Size Sq Ft: 1999.00
  • Lot Size Units: Acres
  • Property Attached: Yes

Rental Info

  • Hold Start Date: 2020-12-23
  • Tenant Pays: Cooking Gas, Electricity

Tax Info

  • Close Date: 2021-04-12
  • Tax Annual Amount: 1304.00

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Brooklyn 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Apr 6, 2021
Sold by
Aliyeva Nargiz and Islam Simon
Bought by
Lam & Lau Realty Management Llc
Seller's Agent
Sammy Noiman
Kapital Real Estate
Buyer's Agent
Non Non OneKey Agent
Non-Member MLS
List Price
$1,395,000
Sold Price
$1,280,000
Premium/Discount to List
-$115,000
-8.24%
Current Estimated Value
$1,320,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,417
Avg. Annual Appreciation
2.04%

Purchase Details

Closed on
Mar 14, 2018
Sold by
Clemendore-White Kathy and White Don
Bought by
Aliyeva Nargiz and Islam Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$836,400
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2006
Sold by
White Don
Bought by
Clemendore-White Kathy and White Don

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2003
Sold by
Dream Home Improvement Inc
Bought by
White Don

Purchase Details

Closed on
Dec 7, 1995
Sold by
Bht Ltd Lp
Bought by
Fluke Jimmie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,600
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 1, 1995
Sold by
Fluke Jimmie L
Bought by
Larode Susan Gaffney and Lumsden Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,600
Interest Rate
7.44%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 25, 1995
Sold by
Citibank Na
Bought by
Bht Ltd Lp and Bht Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lam & Lau Realty Management Llc $1,280,000 --
Lam & Lau Realty Management Llc $1,280,000 --
Aliyeva Nargiz $984,000 --
Aliyeva Nargiz $984,000 --
Clemendore-White Kathy -- --
Clemendore-White Kathy -- --
White Don $285,000 --
White Don $285,000 --
White Don $285,000 --
Fluke Jimmie L $95,000 First American Title Ins Co
Fluke Jimmie L $95,000 First American Title Ins Co
Larode Susan Gaffney $70,000 --
Larode Susan Gaffney $70,000 --
Bht Ltd Lp -- Commonwealth Land Title Ins
Bht Ltd Lp -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aliyeva Nargiz $836,400
Previous Owner Clemendore-White Kathy $30,000
Previous Owner Clemendore-White Kathy $540,000
Previous Owner White Don $0
Previous Owner Fluke Jimmie L $1,556
Previous Owner Larode Susan Gaffney $163,600
Closed White Don $0
Closed White Don --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2021 04/12/21 Sold $1,280,000 0.0% $474 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
12/23/2020 12/23/20 Off Market $1,280,000 -- --
11/06/2020 11/06/20 For Sale $1,395,000 -- $517 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,177 $70,440 $11,460 $58,980
2024 $3,177 $82,860 $11,460 $71,400
2023 $3,132 $92,760 $11,460 $81,300
2022 $3,058 $75,900 $11,460 $64,440
2021 $3,213 $71,820 $11,460 $60,360
2020 $644 $60,660 $11,460 $49,200
2019 $1,215 $60,660 $11,460 $49,200
2018 $1,117 $5,482 $1,201 $4,281
2017 $1,100 $5,395 $1,240 $4,155
2016 $1,070 $5,352 $1,265 $4,087
2015 $614 $5,133 $1,306 $3,827
2014 $614 $4,843 $1,478 $3,365
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sammy Noiman

    Kapital Real Estate

    Section Image

  • N

    Buyer's Agent in 2021

    Non Non OneKey Agent

    Non-Member MLS

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Map

Source: OneKey® MLS

MLS Number: KEY6081558

OneKey® MLS

APN: 03375-0027

New York Kings County Brooklyn 11221 Bushwick

1244 Putnam Ave, Brooklyn, NY

This home is located at 1244 Putnam Ave, Brooklyn, NY 11221 since 06 November 2020 and is currently estimated at $1,320,417, approximately $489 per square foot. This property was built in 1910. 1244 Putnam Ave is a home located in Kings County with nearby schools including P.S. 299 Thomas Warren Field, J.H.S. 291 Roland Hayes, and Achievement First North Brooklyn Prep Charter School.

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