Last updated on Apr 3, 2026

496 Putnam Avenue

Overview of 496 Putnam Avenue

496 Putnam Avenue is a well-maintained, 16-unit rent-stabilized corner building located in the heart of Bedford-Stuyvesant, Brooklyn. This four-story limestone property has been owned by the same family for over 20 years, providing exceptional stability and predictable income. The building features a balanced mix of 8 north-facing studios and 8 south-facing one-bedrooms, all of which are currently 100% occupied. Units are renovated as vacancies arise, ensuring sustained tenant demand and strong rental performance. Situated at the intersection of Putnam Avenue & Throop Avenue, the property benefits from excellent visibility and foot traffic, with proximity to major retail corridors, transportation options, restaurants, and everyday amenities. The building's strong demographics and continuous renter demand make it a desirable investment in a consistently strong rental market. The financial metrics of 496 Putnam Avenue are compelling, with a 6.78% cap rate and an annual gross income of approximately $259,908. The property has a history of zero turnover and a stable tenant base, which contributes to its reliable cash flow. Additionally, the rent-stabilized framework offers downside protection and potential for regulated rent growth, making it an attractive option for investors. Overall, 496 Putnam Avenue presents a unique opportunity to acquire a stabilized, income-producing multifamily asset in one of Brooklyn's most desirable neighborhoods. With updated financials and a competitive asking price of $2,299,999, this property stands out as one of the strongest rent-stabilized offerings currently available in Bedford-Stuyvesant.

Doorman

None

Type

Rental

Year Built

1900

Apartments

16 (view all units)

Floors

Neighborhood

Bedford-Stuyvesant (Brooklyn)

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Pre War

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at Throop Ave and Fulton 0.34 miles

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RLS IDX Data display by CityRealty.com, LLC. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

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An equal housing opportunity

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496 Putnam Avenue

Overview of 496 Putnam Avenue

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