--- title: "718 Putnam Avenue #Entire Building, New York City, NY 11221" description: "718 Putnam Avenue #Entire Building, New York City, NY 11221 — Multi Family Brownstone in Bedford-Stuyvesant, Brooklyn, NY. Listing Price $2,699,000. 7 bed, 6 bath, 3,100 sqft Illustrative Buyer Commission Share of $40,485 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/718-putnam-avenue-entirebuilding-ny-11221" source: "Real Estate Rebate Team" dateModified: "2026-09-23T20:15:21.571Z" status: "Active" --- # 718 Putnam Avenue #Entire Building, New York City, NY 11221 Multi Family Brownstone in Bedford-Stuyvesant, Brooklyn, NY Courtesy of Sothebys International Realty Last updated: September 23, 2026, 4:15 PM ## At a Glance - **Listing Price**: $2,699,000 - **Beds**: 7 - **Total Baths**: 6 - **Sqft**: 3,100 - **Monthly Taxes**: $904 / mo - **Price per Sqft**: $871 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $2,699,000 - **Illustrative Buyer Commission Share**: -$40,485* - **Illustrative Net Cost**: $2,658,515 *Illustrative Buyer Savings of $40,485 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/446d7b41-ca55-4375-a1a7-80370d247fec.jpg) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/32482969-50ad-4054-ac68-1bcaa0882eb7.jpg) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f0b026a6-a1e7-4d9f-9334-a4f39a7ecd57.jpg) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b6b93cf5-ac3d-4247-bc65-3095ec3e94da.jpg) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/77718c39-432f-441d-b9b3-e9f6e71a36ff.jpg) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4cc7c7ca-c4d0-43d2-b70a-2bbedc194d1e.jpg) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/96d81037-10fb-4d5e-a451-f08acf13dfe6.png) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7527bdbc-e619-46f8-b3d9-84916b794a8d.png) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fad86bb3-50b3-4b41-b63a-df1358651db5.jpg) ![718 Putnam Avenue #Entire Building, New York City, NY 11221 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/569895c0-304a-426b-b24c-26a80a79bcf5.jpg) ## Property Overview TURNKEY BROOKLYN BROWNSTONE WITH EXCEPTIONAL INCOME POTENTIAL OFFERED AT $2,699,000 A rare opportunity to own a turnkey, renovated Brooklyn brownstone while benefiting from substantial supplemental rental income. Offered at $2,699,000, this legal four-family brownstone presents a compelling opportunity for a principal-residence buyer seeking meaningful rental income, a 1031 exchange buyer, or a long-term investor. Thoughtfully updated and move-in ready, the property combines the character and lifestyle of a private Brooklyn brownstone with three additional free-market apartments and significant flexibility for future use. Currently configured with a generously proportioned owner’s garden triplex spanning the lower level, garden, and parlor floors, the home is complemented by three income-producing apartments above. This configuration allows an owner to enjoy substantial private living space while rental income from the additional units helps offset the cost of ownership. Designed for today’s evolving lifestyles, the property can accommodate long-term guests, home offices, multi-generational living, or changing space requirements over time. Several leases expire throughout 2026, creating opportunities to expand owner occupancy, reposition rents, or reconfigure the home. The owner’s triplex may also be delivered vacant, as it is currently occupied on a month-to-month basis. All apartments are fully free-market, providing maximum flexibility without rent-stabilization restrictions. The property currently generates approximately $189,720 in annual gross rental income. The owner’s triplex is leased at $7,300 per month ($87,600 annually), while the remaining apartments generate $2,350, $2,750, and $3,410 per month. The property has been substantially improved, with renovated kitchens and bathrooms, updated flooring, contemporary lighting, a finished lower level incorporated into the owner’s residence, a professionally hardscaped rear garden, rebuilt front stoop, and individual mini-split heating and cooling systems throughout, allowing tenants to pay their own utilities. The result is a turnkey property offering immediate usability and income without the scope of renovation typically associated with a multi-family brownstone. For a buyer seeking a principal residence with substantial income, 718 Putnam Avenue offers the ability to enjoy renovated brownstone living while generating revenue from the additional apartments. For a long-term investor, its free-market rents, multiple income streams, turnkey condition, and future repositioning flexibility create a compelling foundation for long-term ownership. 718 Putnam Avenue offers a distinctive combination of renovated Brooklyn brownstone character, immediate income, and long-term flexibility—equally suited to living, investing, or a combination of both. ## Property Details - **Property Type**: Multi Family - **Beds**: 7 - **Total Baths**: 6 - **Rooms**: 13 - **Sqft**: 3,100 sqft - **Stories**: 3 - **Year Built**: 1910 - **Price per Sqft**: $871 - **Monthly Taxes**: $904 / mo - **Listed On**: Sep 23, 2026 - **Days on Market**: 2 Days ### Residence Features - Common On Floor - Common Area - In Unit - Private Outdoor Space Over 60 Sqft - Private Yard - Dryer - Dishwasher - Washer ## Estimated Monthly Payment **$14,552 / month**, assuming a 20% down payment ($539,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $13,648 - **Property Taxes**: $904 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Property Tax History Taxes at 718 Putnam Avenue #Entire Building #Entire Building were $11,800 in 2026, up 8.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $381,600 | $3,150 | $378,450 | $96,686 | $11,800 | 12.5% (estimated) | | 2025 (FY 2025/26) | $318,150 | $3,150 | $315,000 | $89,526 | $10,922 | 12.5% (estimated) | | 2024 (FY 2024/25) | $265,140 | $3,150 | $261,990 | $82,895 | $10,072 | 12.5% | | 2023 (FY 2023/24) | $220,950 | $3,150 | $217,800 | $82,895 | $10,073 | 12.502% | | 2022 (FY 2022/23) | $184,050 | $3,150 | $180,900 | $80,323 | $9,560 | 12.267% | | 2021 (FY 2021/22) | $147,375 | $3,150 | $144,225 | $74,374 | $8,799 | 12.235% | | 2020 (FY 2020/21) | $143,100 | $3,150 | $139,950 | $68,866 | $8,155 | 12.267% | | 2019 (FY 2019/20) | $119,340 | $3,150 | $116,190 | $63,765 | $7,663 | 12.473% | | 2018 (FY 2018/19) | $63,765 | — | — | $63,765 | $8,042 | 12.612% | | 2017 (FY 2017/18) | $61,787 | — | — | $61,787 | $7,859 | 12.719% | | 2016 (FY 2016/17) | $57,211 | — | — | $57,211 | $7,376 | 12.892% | | 2015 (FY 2015/16) | $52,974 | — | — | $52,974 | $6,825 | 12.883% | | 2014 (FY 2014/15) | $49,050 | — | — | $49,050 | $6,305 | 12.855% | | 2013 (FY 2013/14) | $49,050 | — | — | $49,050 | $6,448 | 13.145% | | 2012 (FY 2012/13) | $47,708 | — | — | $47,708 | $6,288 | 13.181% | | 2011 (FY 2011/12) | $44,183 | — | — | $44,183 | $5,935 | 13.433% | | 2010 (FY 2010/11) | $44,183 | — | — | $44,183 | $5,900 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3016500033. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 718 Putnam Avenue Building 718 Putnam Avenue Building, Brooklyn, NY 11221 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1910 - **Active Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/718-putnam-avenue-building) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [Entire Building](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/718-putnam-avenue-entirebuilding-ny-11221) | 7 | 6 | 3,100 sqft | $871 | $2,699,000 | Sothebys International Realty | Sep 23, 2026 | 2 days | ## Bedford-Stuyvesant Explore more real estate and insights about Bedford-Stuyvesant. [Explore Bedford-Stuyvesant](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bedford-stuyvesant) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ## Related Links - [718 Putnam Avenue Building — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/718-putnam-avenue-building) - [Bedford-Stuyvesant neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bedford-stuyvesant) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.