SOLD FOR $1,515,000
· Sold at asking price · Closed January 8, 2025
$1,515,000
$337 per sq ft
776 PUTNAM Avenue
MLS® #RLS10997762
Listing by Douglas Elliman Real Estate
7
Bedrooms
5.5
Baths
4,500
Sq. Ft.
2004
Year Built
Sale Details
Property Summary
Description
Rare Opportunity in Prime Bedford Stuyvesant! Over 5% cap for under $2M!! Perfect For an end user or investor. Vacant 2 family house. This 25-foot wide property is a remarkable investment opportunity located in the prime area of Bedford Stuyvesant. It features two free-market rental units, each with 3 bedrooms and 2.5 / 2 bathrooms, both in excellent condition. The lower unit is a 3BR 2.5BA with a finished basement, a private backyard, a laundry room, a half bath, plenty of storage space, and a private driveway with a 2 car garage. The upper unit is also a 3BR 2,5BA. The house is well-maintained and comes with approximately 2,500 sq ft of additional air rights, presenting an excellent opportunity for both users and investors in one of Brooklyn's fastest-growing neighborhoods. You have the flexibility to create a massive 5000 sq ft single-family home, develop a boutique condominium or / and add two units for additional income, or mix personal use with rental units. Low tax and separate metered apartment adds to the low carrying costs. For more information, please email us. This is a fantastic opportunity you don't want to miss!
Property Details
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Listing courtesy of Sahar Ziv at Douglas Elliman Real Estate. 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. This 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.