Description

718 Putnam Avenue | Classic Brooklyn Brownstone with Exceptional Income Potential

A rare opportunity to own a classic Brooklyn brownstone while benefiting from substantial supplemental rental income.

Offered at $2,750,000, this legal four-family brownstone offers exceptional flexibility for an owner-occupant, multi-generational household, or live-plus-income buyer. The property combines a spacious owner's residence with three free-market apartments, providing meaningful income while enjoying the lifestyle of a private brownstone.

Currently configured with a generously proportioned owner's garden triplex spanning the lower level, garden, and parlor floors, the home is complemented by three income-producing apartments above.

Designed for today's evolving lifestyles, the layout easily accommodates long-term guests, home offices, or multi-generational living while maintaining privacy. Several leases expire throughout 2026, creating opportunities to expand owner occupancy, reposition rents, or reconfigure the home over time. The owner's triplex may also be delivered vacant, as it is currently occupied on a month-to-month basis.

All apartments are fully free-market, providing maximum flexibility without rent-stabilization restrictions.

The property currently generates approximately $189,720 in annual gross rental income. The owner's triplex is leased at $7,300/month ($87,600 annually), while the remaining apartments generate $2,350, $2,750, and $3,410 per month.

Recent improvements include renovated kitchens and bathrooms, updated flooring, contemporary lighting, a finished lower level incorporated into the owner's residence, a professionally hardscaped rear garden, rebuilt front stoop, and individual mini-split heating and cooling systems throughout, allowing tenants to pay their own utilities.

Whether you're seeking a distinguished Brooklyn residence with income, a long-term multi-generational home, or an investment with future owner-occupancy potential, 718 Putnam Avenue offers an exceptional combination of character, flexibility, and income-producing capability. Listing courtesy of Sothebys International Realty ...
More