1242 Putnam Avenue, New York City, NY 11221

Brand New to Market. Fully Renovated 3 Family Brick Townhouse [Delivered Vacant & Turn Key]
* Located in an opportunity zone.
* Live in the spacious owner’s duplex w/backyard and rent the other two units for income.
* Or rent the entire property and enjoy a 6.7% projected cap rate while the property appreciates.
Building size: 20×45 [3,600sqft]
Lot size: 20×100
Bedrooms: 6
Bathrooms: 6.5
Miscellaneous: 3 HVAC furnaces & condensers, 3 hot water heaters, 3 gas meters, 4 electric meters
Notes:
* Central HVAC with Nest WiFi thermostats
* Fully equipped kitchens with matte black granite counters, large islands, green tile backsplash, and full sized appliances by GE
* Whirlpool full sized washer / dryer [gas] in each unit [vented out]
* Video intercom
* Plumbing fixtures by Kohler & Delta
* Bluetooth bathroom speakers
* High ceilings on all floors
* 8ft hardwood interior doors & moldings
* Excellent closet space in each unit
* Hardwood natural oak floors
* LED lighting throughout
* HD security cameras
* Wired for TV and internet in each room
* Oversized private outdoor spaces for each unit
* Sound proofing between floors
* New roof, windows, insulation, plumbing, electrical, etc.
Projected rental income:
Unit 1 = 2Bed 2.5Bath duplex with private backyard [$5,500]
Unit 2 = 2Bed 2Bath with private terrace [$4,500]
Unit 3 = 2Bed 2Bath with private roof [$5,000]
TOTAL = $15,000/month = $180,000/year
Approximate yearly expenses:
Taxes: $3,014
Insurance: $3,600
Water & Sewer: $1,950
Garbage maintenance & cleaning: $1,800
Electrical: $480
Gas: $0
Repairs: $1,500
TOTAL = $12,344
Close to M, L subway lines at Myrtle-Wyckoff and J,Z lines at Gates Avenue. Tons of food, entertainment, cafes in the area including Bushwick Burger Co., Father Knows Best, Caffeine Underground, Eden Juice & Smoothie Bar, and more. Just a short uber/bike ride away to Ridgewood and Bedford-Stuyvesant.