1242 Putnam Ave Brooklyn, NY 11221

Brand New to Market. Fully Renovated 3 Family Brick Townhouse [Delivered Vacant & Turn Key] * Located in an opportunity zone. * Live in the spacious owner's duplex w/backyard and rent the other two units for income. * Or rent the entire property and enjoy a 6.7% projected cap rate while the pr...operty appreciates. Building size: 20x45 [3,600sqft] Lot size: 20x100 Bedrooms: 6 Bathrooms: 6.5 Miscellaneous: 3 HVAC furnaces & condensers, 3 hot water heaters, 3 gas meters, 4 electric meters Notes: * Central HVAC with Nest WiFi thermostats * Fully equipped kitchens with matte black granite counters, large islands, green tile backsplash, and full sized appliances by GE * Whirlpool full sized washer / dryer [gas] in each unit [vented out] * Video intercom * Plumbing fixtures by Kohler & Delta * Bluetooth bathroom speakers * High ceilings on all floors * 8ft hardwood interior doors & moldings * Excellent closet space in each unit * Hardwood natural oak floors * LED lighting throughout * HD security cameras * Wired for TV and internet in each room * Oversized private outdoor spaces for each unit * Sound proofing between floors * New roof, windows, insulation, plumbing, electrical, etc. Projected rental income: Unit 1 = 2Bed 2.5Bath duplex with private backyard [$5,500] Unit 2 = 2Bed 2Bath with private terrace [$4,500] Unit 3 = 2Bed 2Bath with private roof [$5,000] TOTAL = $15,000/month = $180,000/year Approximate yearly expenses: Taxes: $3,014 Insurance: $3,600 Water & Sewer: $1,950 Garbage maintenance & cleaning: $1,800 Electrical: $480 Gas: $0 Repairs: $1,500 TOTAL = $12,344 Close to M, L subway lines at Myrtle-Wyckoff and J,Z lines at Gates Avenue. Tons of food, entertainment, cafes in the area including Bushwick Burger Co., Father Knows Best, Caffeine Underground, Eden Juice & Smoothie Bar, and more. Just a short uber/bike ride away to Ridgewood and Bedford-Stuyvesant. Continue reading