518 Putnam Ave, Brooklyn, NY 11221

12 beds4 baths3,240 sqft Edit

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Sold: $1,280,000
Sold on 07/09/14
Zestimate®: $1,474,194
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My Notes

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Located within the burgeoning nexus of Bed-Stuy's historic districts, 518 Putnam Avenue is a jewel in the rough awaiting a savvy investor or homeowner to repurpose and restore her to glory. Delivered vacant, this contractor's special is an immense volume of space (3,240 sq ft) which would make ideal floor-through apartments, a spacious double-duplex or a stunning single family home. Bring your vision and take advantage of this unique moment to capitalize on a solid house priced competitively for the area. On a tree-lined block and shaded by a majestic sycamore tree, you will find the original wraparound stoop with ironwork and brownstone facade, and inside the original staircase, parquet floors, doors, mantles and moldings. 518 Putnam faces newly constructed PS 44 school-yard allowing light and open space. Close to transportation, Raymond Bush Playground, Foodtown, Duane Reade, Restoration Plaza and the new restaurants on Lewis and Tompkins Aves. Full set-up with projected NOI and high cap rate available upon request.  More Less 

Facts

  • Lot: 1,800 sqft
  • Multi Family
  • Built in 1899
  • Last sold: Jul 2014 for $1,280,000
  • Last sale price/sqft: $395

Construction

  • Room count: 20
  • Stories: 4
  • Unit count: 2

Other

  • Floor size: 3,240 sqft
  • Last remodel year: 1899
  • Lot depth: 100
  • Lot width: 18
  • Parcel #: 018310014
  • Zillow Home ID: 30609977

Zestimate Details

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$1,474,194
-$63,702 Last 30 days
$1.31M
$1.65M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,995/mo
-$103 Last 30 days
$1.7K
$4.7K
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Comparable Homes

Homes like this sold for $1.18-1.8M.

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Market guide

Zillow predicts Bedford Stuyvesant home values will increase 6% next year, compared to a 2% rise for New York as a whole. Among Bedford Stuyvesant homes, this home is valued 156.2% more than the midpoint (median) home, but is valued 6.8% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Bedford Stuyvesant, the number of foreclosures waiting to be sold is 887.5% higher than in New York, and 24.8% less than the national average. This higher local number may prevent Bedford Stuyvesant home values from rising as quickly as other regions in New York.

Learn more about forecast calculations or Bedford Stuyvesant home values.
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    Nearby Schools in New York

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org