289 Putnam Ave Unit 1 Brooklyn, NY 11216

Move-In Ready Investment Property, Three-Family Brownstone in the Heart of Bed-Stuy Perfectly positioned on a picturesque tree-lined block between Nostrand and Bedford Avenue, this move-in ready three-family brownstone embodies the timeless charm and modern functionality that define Brooklyn living.... Set on a 20’ x 100’ lot with approximately 2,800 square feet of living space, the home offers a thoughtfully designed layout across three levels, including a finished basement with abundant storage and separate gas and electric meters for each unit—ideal for owners or investors seeking income-producing flexibility. The property was gut renovated in 2016 with additional updates in 2022, combining historic character with modern comfort. A gas heating system, hardwood floors, high ceilings, and oversized windows fill the interiors with warmth and light. The garden level features a spacious one-bedroom, one-bath residence with an open kitchen complete with a large island, granite countertops, and stainless-steel appliances including a dishwasher. A mudroom opens to a serene 20' x 49' backyard, perfect for outdoor entertaining or quiet relaxation. The parlor floor showcases elegant original details and a sun-drenched living area, alongside an open kitchen and a windowed bath finished with subway tiles. Upstairs, the second-floor apartment offers a generous living space with an open kitchen, king-sized bedroom, and a flex room ideal for a home office or nursery. Perfect for investors or end-users alike, the property can also be easily converted to a two-family with an income-producing unit, offering versatility and a potential gross annual return of approximately 4–5% at the asking price of $2.4 million. Located minutes from the A/C trains at Nostrand Avenue and the G train at Bedford/Nostrand, residents enjoy easy access to local cafes, restaurants, and boutiques that make Bed-Stuy one of Brooklyn’s most vibrant and beloved neighborhoods. Property will be delivered vacant OPEN HOUSE BY APPOINTMENT ONLY. Continue reading