NOT LISTED FOR SALE

1261 Putnam Ave Brooklyn, NY 11221

Bushwick Neighborhood

Estimated Value: $1,129,017 - $1,508,000

6 Beds
3 Baths
2,850 Sq Ft
$446/Sq Ft Est. Value

Last Sold March 03, 2022

Last sale price $1,160,000 $407 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,339/month

70 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • L-Shaped Dining Room
  • Property is near public transit
  • Corner Lot
  • 5-minute walk to Bushwick Playground

About This Home

As of March 2022

Prime Location in Bushwick! This Semi-Attached CORNER 2 Family Home Was Built In 1990. It Features 6 Bedrooms, 2 Baths, A two-car Private Driveway, and a large backyard. The First floor Has A Living and Dining Room, Kitchen, 3 Bedrooms And 1Bath. Easy Access To Basement From First Floor Which Is Finished As A Recreation Room. Second Floor Has A 3 Bedroom Unit With Living and Dining Room. Close To Public Transportation, Steps From J and L Train, Close To Supermarkets, Restaurant, Cafes And Grocery Stores!

Last Agent to Sell the Property

Luz Lopez

Century Homes Realty Group LLC License #40LO1057784 Listed on: 09/01/2021

Century Homes Realty Group LLC

Last Buyer's Agent

Luz Lopez

Century Homes Realty Group LLC License #40LO1057784 Listed on: 09/01/2021

Century Homes Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,000

Year Built

  • Built in 1990

Lot Details

  • 2,060 Sq Ft Lot
  • Lot Dimensions are 20.6x100
  • 1 Common Wall
  • Fenced
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • L-Shaped Dining Room
  • Formal Dining Room
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Ps 106 Edward Everett Hale Elementary School
  • Is 349 Math Middle School
  • Bushwick Community High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 3369
  • Assessor Parcel Number 03369-0001

Community Details

Overview

  • 2 Units

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,000

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Multi Family
  • Property Condition: Mint
  • Levels: Two
  • Building Size: 19x50
  • Year Built: 1990
  • New Construction: No
  • Attribution Contact: 718-886-6800
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Formal Dining Room, L-Shaped Dining Room
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 1 Common Wall
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 6
  • Kitchens: 2

Exterior Features

  • Construction Materials: Brick, Frame, Aluminum Siding
  • Flood Zone Report: No
  • Fencing: Fenced

Garage/Parking

  • Total Parking Spaces: 2.00
  • Attached Garage: No
  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Description: Private, Detached, 2 Car Detached

Utilities

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

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 349 Math,Science & Technology

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Dimensions: 20.6x100
  • Lot Size Sq Ft: 2060.00
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 03369-0001
  • Zoning Description: R6
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Close Date: 2022-03-03
  • Tax Annual Amount: 7000.00
  • Tax Block: 3369
  • Tax Lot: 1
  • Tax Map Number: 03369-0001

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 1

MLS Schools

  • Elementary School: Ps 106 Edward Everett Hale
  • High School: Bushwick Community Hs
  • Middle School District: Brooklyn 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2021
Closed on
Mar 3, 2022
Sold by
Estrella Sergio and Gutierrez Idania
Bought by
Li Feng Lian and Li Jinzhu
Seller's Agent
Luz Lopez
Century Homes Realty Group LLC
Buyer's Agent
Luz Lopez
Century Homes Realty Group LLC
List Price
$1,188,000
Sold Price
$1,160,000
Premium/Discount to List
-$28,000
-2.36%
Current Estimated Value
$1,270,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,504
Avg. Annual Appreciation
2.41%
Original Mortgage
$928,000
Outstanding Balance
$863,935
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$406,569

Purchase Details

Closed on
Nov 9, 2011
Sold by
Void Wilma
Bought by
Estrella Sergio and Gutierrez Idania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,871
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2007
Sold by
Void Benita and Void Wilma
Bought by
Void Wilma
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Li Feng Lian $1,160,000 --
Li Feng Lian $1,160,000 --
Estrella Sergio $439,000 --
Estrella Sergio $439,000 --
Void Wilma -- --
Void Wilma -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Feng Lian $928,000
Closed Li Feng Lian $928,000
Previous Owner Estrella Sergio $427,871
Closed Void Wilma $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2022 03/03/22 Sold $1,160,000 -2.4% $407 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $1,188,000 -- $417 / 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 $8,185 $64,500 $12,540 $51,960
2024 $8,185 $64,260 $12,540 $51,720
2023 $7,808 $73,500 $12,540 $60,960
2022 $7,350 $60,120 $12,540 $47,580
2021 $7,014 $59,700 $12,540 $47,160
2020 $3,486 $80,040 $12,540 $67,500
2019 $6,812 $80,040 $12,540 $67,500
2018 $6,234 $32,040 $7,271 $24,769
2017 $5,954 $30,680 $7,320 $23,360
2016 $5,476 $28,944 $8,098 $20,846
2015 $3,271 $28,944 $9,107 $19,837
2014 $3,271 $28,302 $9,274 $19,028
Source: Public Records

Agents Affiliated with this Home

  • Luz Lopez

    Seller's Agent in 2022

    Luz Lopez

    Century Homes Realty Group LLC

    (646) 244-3220

    1 in this area

    25 Total Sales

    Luz Lopez
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY3342543

OneKey® MLS

APN: 03369-0001

New York Kings County Brooklyn 11221 Bushwick

1261 Putnam Ave, Brooklyn, NY

Not Listed for Sale

MultiFamily

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