Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,985,000

· Closed October 8, 2021

589 Putnam Avenue
Closed For Sale Multi Family

$1,985,000

589 Putnam Avenue

Bedford - Stuyvesant, Brooklyn

MLS® #RLS10717740

RLS at REBNY

Listing by The Corcoran Group

6

Bedrooms

4.5

Baths

N/A

Sq. Ft.

1901

Year Built

Quick Summary

Bedrooms 6
Bathrooms 5 full, 1 half
Year Built 1901
Neighborhood Bedford - Stuyvesant

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1901)

Property Details

Type Multi Family
Total Rooms 11
Baths 4 Full, 1 Half
Pets Yes
Cross Street Marcus Garvey Blvd & Lewis Avenue
Year Built 1901
Architectural Style Prewar
Parcel # 01644-0070

Listing History

Event Date Price Change
Listed May 12, 2021 $1,985,000 -
Currently May 15, 2026 $1,985,000 -

Description

Introducing 589 Putnam Avenue; This 4-story, 3-family brownstone is a perfect turn-key investment opportunity. with the opportunity to earn over $100,000 in rental income annually. Renovated and never been lived in, 589 Putnam Avenue provides the versatility for both end-users and investors alike. Featuring an owner's duplex with 3 bedrooms, 2.5 bathrooms, a zen garden & laundry to boot, the main residence provides the potential to live in one of the units while allowing two rentals to cover over half of your monthly payments. The garden residence is an over-sized, full-floor one bedroom with garden access and laundry in-unit. The top floor is a sun-splashed two bedroom with kitchenette, exposed brick and laundry in-unit. Each floor is detailed with 5'' walnut oak flooring, charming exposed brick detail, Quartz countertops and Frigidaire appliances. Each residence is equipped with their own HVAC and central air control. 589 Putnam Avenue makes for a savvy, turn-key investment opportunity on one of the prettiest tree-lined streets in vibrant Bedford-Stuyvesant. Conveniently located around a plethora of neighborhood amenities such as; Saraghina's, Beso, Peaches, Casablanca and several subway lines (C, A, J).. Here is your chance to own in one of the hottest areas in Northern Brooklyn.

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 4
Style Prewar

About Bedford - Stuyvesant

View All Bedford - Stuyvesant Listings

Bedford/Stuyvesant, in Brooklyn, features a mix of traditional brownstone row houses and mid-rise apartment buildings. Local amenities include proximity to major parks and robust access via subway lines, such as the L and J/Z trains. The area retains much of its historic architecture alongside newer residential developments.

Bedford - Stuyvesant Live Market Data

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Live data from RLS at REBNY • Updated 5/15/26, 12:32 PM EST

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Location

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589 Putnam Avenue, Bedford - Stuyvesant, Kings County • Near Marcus Garvey Blvd & Lewis Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
3
Floors
3
Residential Units
R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $107,940
Land Value: $23,820
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,800 SF
Building Area: 3,240 SF
Built FAR: 1.8
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

This property has 6 bedrooms and 4 full bathrooms and 1 half bathroom.

According to MLS records, the building was constructed in 1901, making it approximately 125 years old.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10717740
First Listed: 5/12/2021
Price Changed: 5/12/2021
Closed: 10/8/2021
Contract Date: 5/12/2021

Listing Courtesy of The Corcoran Group - Daniel Kandinov

Listing Contact: (646) 483-8600

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). 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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/15/2026 at 4:32 PM UTC

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