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718 Putnam Ave - "Turn Key" Multi Family Residential Property 4 Unit Apartment Building Offered at $2,750,000 at a 5.81% Cap Rate Brooklyn, NY 11221
Executive Summary
Configured as a four-family Brooklyn townhouse, the property currently generates approximately $189,720 in annual rental income, offering a compelling combination of reliable cash flow and future flexibility.
The home features four well-proportioned residential units, each benefiting from excellent natural light and practical layouts that reflect the classic charm and proportions of Brooklyn townhouse living.
For buyers seeking a primary residence, the garden triplex may be delivered vacant, providing a spacious three-bedroom owner’s residence with high basement ceilings and access to private outdoor space. This configuration allows the owner to enjoy a generous private home while the three upper apartments continue to generate strong rental income.
The layout also works well for multi-generational living, allowing extended family to occupy the lower triplex while maintaining privacy and income potential from the upper units.
The home features four well-proportioned residential units, each benefiting from excellent natural light and practical layouts that reflect the classic charm and proportions of Brooklyn townhouse living.
For buyers seeking a primary residence, the garden triplex may be delivered vacant, providing a spacious three-bedroom owner’s residence with high basement ceilings and access to private outdoor space. This configuration allows the owner to enjoy a generous private home while the three upper apartments continue to generate strong rental income.
The layout also works well for multi-generational living, allowing extended family to occupy the lower triplex while maintaining privacy and income potential from the upper units.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
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Matterport 3D Tour
Photos
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718 Putnam Ave - "Turn Key" Multi Family Residential Property
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