490 Putnam Ave

Description

Sold & Closed. 490 Putnam Avenue is a four family brownstone with thoughtful renovations, improvements, and $112,000 of pro-forma gross income. The building is currently configured as four units with three two-bedroom and one-bath units. The garden level is a loft-like one-bedroom one-bath with direct access to the finished basement, configured as a workspace with two offices, a laundry room, a half bath, and storage.

History

Built in 1915, the home was renovated to the bones approximately ten years ago. The new owners lovingly maintained the property and made additional improvements, including a new stoop and a deck in the garden. The basement has been finished and has a new sump pump and dry well. Also, infrastructure improvements such as tilting the front patio, new doors, drainage pipes, and insulation on the extensions and basement were completed recently.

The Neighborhood

Located in the Bedford-Stuyvesant section of Brooklyn, Stuyvesant Heights is a row after row of two and three family exquisitely designed townhouses set upon broad tree-lined streets. The area is an almost exclusively residential neighborhood with small businesses and shops serving the community. Local favorites Peaches on Lewis and Saraghina are nearby. Transportation is easy with the Express A/C Utica stop a few blocks away.

Features

Delivered Vacant. Pro-forma income is $112,000 per year. Annual expenses are approximately $9,900 (including insurance). Real Estate taxes are $3,029.

Price: $1,750,000
7 Bed | 4.5 Bath
Real Estate Taxes: $3,029

Contact Information:

William Hobbs

Manhattan & Brooklyn

Mobile: (917) 615 - 4818

Office: (917) 825 - 3988

whobbs@evansnye.com



All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. The number of bedrooms listed above is not a legal conclusion. Customer should consult with its counsel regarding all closing costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent with designated agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. Broker actively supports equal housing opportunities. All rights to content, photographs and graphics reserved to Broker. Evans Nye Incorporated.