1242 Putnam Avenue

Brooklyn, NY 11221

Incredible 3-story, legal 3-family brick and brownstone townhouse just hitting the market in Bushwick! This is the investment property you've been looking for, whether it's a fix-and-flip or a lucrative rental property, this is an astonishing opportunity to gut renovate, build higher and even extend out the back! The owners are seeking all cash offers so this property is perfect for any investor or fixer upper. With a total of 7 bedrooms, spanning 3 stories, this legal 3-family has well over 2,700 square feet of living space and another 900 square feet in the basement. The building itself is 20 by 45 square feet on a lot 20 by 100 square feet with R6 zoning and 2.43 FAR so there's plenty of room to grow to a potential of over 4,860 square feet in total! There's unused FAR totaling over 2,160 square feet, so any new owner may easily build up on top or even extend an addition onto the back! With cost-effective current taxes of $2,881, this has enormous investment potential. There's also a substantial and spacious backyard, perfect for creating a highly desirable outdoor garden space! While the home itself is in need of a complete makeover, the pure potential of this property is one-of-a-kind. Situated on this beautiful and well-kept block, right around the corner from Bushwick Avenue, just a 5-minute walk to the J and Z trains at Gates Avenue and seconds to popular night spots like the Halsey Ale House and Bar Cornelia, you have everything you could want and need close by. Imagine the lucrative rent roll on a big 3-family townhouse busting with space in the highly desirable neighborhood of Bushwick! Don't wait, call today!