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Street View
$2,299,999
Monthly Est:$11,448
16 Beds
17 Baths17 full baths
2,355.3sqft
496 Putnam Ave, Brooklyn, NY 11221
$2,299,999
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Multi Family
Built in 1900
$-- HOA
2,617 sqft lot
$977/sq.ft
Description
496 Putnam Avenue 16 Units 6.78% Cap Rate Offered at $2,299,999
A solid and well-maintained 16-unit rent-stabilized corner building in the heart of Bedford-Stuyvesant, 496 Putnam Avenue presents a rare opportunity to acquire a high-performing, cash-flowing asset in one of Brooklyn's most consistently strong rental markets.
Owned and operated by the same family for over 20 years, the property offers exceptional stability, predictable income, and long-term operational stewardship.
The four-story limestone building features a balanced mix of (8) north-facing studios and (8) south-facing one-bedrooms, all 100% occupied. Units are renovated and upgraded as vacancies occur, ensuring durable tenant demand and sustained rental performance.
Situated on the corner of Putnam Avenue & Throop Avenue, the building benefits from excellent visibility, strong neighborhood foot traffic, and proximity to major retail corridors, transportation, restaurants, and everyday amenities.
Unit Mix
Updated Income & Expenses Income
Expenses
Net Operating Income
Updated Investment Metrics (At $2,299,999 Price)
2,299,999162,299,999 div 16 2 , 299 , 999 16
Investment Highlights
Summary 496 Putnam Avenue offers investors the opportunity to acquire a stabilized, income-producing multifamily asset with long-term upside potential in one of Brooklyn's most desirable rental submarkets. With updated financials, strong in-place cash flow, and a compelling new price of $2,299,999, this property represents one of the strongest rent-stabilized offerings currently available in Bedford-Stuyvesant.
- Houzeo last checked: 1 minute ago
- Listing updated: January 6, 2026 at 5:08 pm
- Listing Provided by: Pharo Victor Inwang (718) 781-6275 | Corcoran Group (212) 355-3550
- Source: Rebny MLS-NY | MLS#: RLS20065376
Property Details
Status
Active
Type
Multi Family
No. of Stories
4
County
City
Neighborhood
Year Built
1900
HOA Fees
-
Finished Area
2,355.3 sqft
Lot Size
2,617 sqft lot
Basement Area
- sqft
MLS Name
Rebny MLS
MLS Number
RLS20065376
Days on Market
298
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 17
Interior
Exterior Features
Private Outdoor Space Over60sqft
Interior Features
Smoke Free
Utilities & Energy
Basement
Other
Laundry Features
Washer Hookup, In Unit
Other Features
Patio And Porch Features
None
Subdivision Name
Bedford Stuyvesant
Price History
| Date | Event | Price |
|---|---|---|
01/06/2026 Source: | Listed for Sale | $2,299,999 $977/sqft |
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The real estate listing data marked with this icon comes from the IDX program of the RLS at REBNY Listing Service (RLS). Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS") through Nov 01, 2026, 03:45PM. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Buyer to verify all information. © 2026 The Real Estate Board of New York, Inc. All rights reserved.
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