NOT LISTED FOR SALE

58 Putnam Ave Brooklyn, NY 11238

Clinton Hill Neighborhood

Estimated Value: $2,377,609 - $2,913,000

4 Beds
3 Baths
3,040 Sq Ft
$835/Sq Ft Est. Value

Last Sold February 17, 2023

Last sale price $1,860,000 $612 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $13,635/month

25 Days on Market

Highlights

  • Pre War Building
  • 5-minute walk to Franklin Avenue (A,C,S Line)
  • 2-minute walk to Crispus Attucks Playground

About This Home

As of February 2023

Come with your architect and create the layout that you've been dreaming about. Measuring currently 20 x 39, with the owner's duplex on the lower 2 levels, and 2 floor-through apartments above, 58 Putnam Avenue is 3,040 sq ft (not counting the basement). This home is a legal three-family on an 80' ft lot, with a private garden in the rear of the property. and could easily be reimagined in many ways by a visionary end-user or developer.

Create an owner's triplex over a garden rental or keep the current layout and collect a conservative $6000 from two rental units. This grand four-story home can be configured in many ways. The home showcases soaring high ceilings, stunning inlaid hardwood floors, ornate plaster moldings, and many other period details.

You will not want to miss this opportunity, and no doubt this home will be scooped up quickly! This home is located in historic Clinton Hill! Enjoy the architecture, restaurants, and amenities of Clinton Hill, along with the prized sculpture garden and academic culture of Pratt Institute. Public transportation options are the G, C, and S trains and the B38 / B52 buses.

Many local favorites include Speedy Romeo, Locanda Vini & Olii, Golds, and so many more. The house will be delivered vacant.
** Please note that this home is being sold 'as is.'

Last Agent to Sell the Property

Ronit Abraham

Compass License #10301218736 Listed on: 09/05/2022

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 20.0 x 80.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,040 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Community Details

  • Clinton Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block 24 / 1993

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: Irving Place/Classon Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Clinton Hill
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Living Area: 3040.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 80.0

Building Info

  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 1993
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2022
Closed on
Feb 17, 2023
Sold by
Atanya Hassan Sole Heir and Atanya Hassan Executor
Bought by
Ludmer Margo and Tunnicliffe Lawrence
Seller's Agent
Ronit Abraham
Compass
List Price
$1,950,000
Sold Price
$1,860,000
Premium/Discount to List
-$90,000
-4.62%
Views
26
Current Estimated Value
$2,536,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$676,902
Avg. Annual Appreciation
11.38%
Original Mortgage
$1,357,000
Outstanding Balance
$1,314,422
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,222,480

Purchase Details

Closed on
Oct 27, 1995
Sold by
Harris Angeline
Bought by
Stewart Ronald F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
7.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ludmer Margo $1,860,000 --
Stewart Ronald F $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ludmer Margo $1,357,000
Previous Owner Stewart Ronald F $103,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2023 02/17/23 Sold $1,860,000 -4.6% $612 / Sq Ft
10/01/2022 10/01/22 Pending -- -- --
09/05/2022 09/05/22 For Sale $1,950,000 -- $641 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $4,598 $182,340 $25,080 $157,260
2024 $4,598 $166,320 $25,080 $141,240
2023 $4,649 $171,660 $25,080 $146,580
2022 $4,201 $137,340 $25,080 $112,260
2021 $4,181 $106,020 $25,080 $80,940
2019 $3,698 $142,140 $25,080 $117,060
2018 $3,591 $19,076 $4,874 $14,202
2017 $3,531 $18,791 $4,909 $13,882
2016 $3,234 $17,728 $6,253 $11,475
2015 $1,918 $16,726 $8,858 $7,868
2014 $1,918 $15,897 $10,098 $5,799
Source: Public Records

Agents Affiliated with this Home

  • Ronit Abraham

    Seller's Agent in 2023

    Ronit Abraham

    Compass

    (917) 572-2583

    3 in this area

    40 Total Sales

    Ronit Abraham
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10836004

Real Estate Board of New York (REBNY)

APN: 01993-0024

New York Kings County Brooklyn 11238 Clinton Hill

58 Putnam Ave, Brooklyn, NY

Not Listed for Sale

MultiFamily

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