Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
425 PUTNAM Avenue
Interested in this property?
Active For Sale Multi Family

$3,500,000

$968 per sq ft

425 PUTNAM Avenue

Bedford-Stuyvesant, Brooklyn

MLS® #RLS20091864

RLS at REBNY

Listing by Serhant

Open Houses Scheduled

Wednesday, May 20 • 6:00 PM – 7:30 PM

Sunday, May 24 • 1:00 PM – 2:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

5

Bedrooms

4

Baths

3,615

Sq. Ft.

1899

Year Built

Quick Summary

Bedrooms 5
Bathrooms 4
Living Area 3,615 sq ft
Lot Size 1,558 sq ft
Year Built 1899
Ownership None
Property Taxes $58,548/yr
Neighborhood Bedford-Stuyvesant
Floor 1 of 1

Property Highlights

  • Views: Other
  • Fireplace: 1 fireplace
  • Climate Control: Other

Property Details

Type Multi Family
Ownership None
Total Rooms 17
Baths 4 Full
Floor 1 of 1
View Other
Cooling Other
Pets Yes
Year Built 1899
Living Area 3,615 sq ft
Structure Type Townhouse
Basement Other
Lot Size 1,558 sq ft
Parcel # 01825-0076
Block/Lot 01825/0076

Listing History

Event Date Price Change
Listed May 18, 2026 $3,500,000 -
Currently May 18, 2026 $3,500,000 -

Description

Welcome to 425 Putnam Avenue, a 19-foot-wide legal two-family brownstone set on one of Bedford-Stuyvesant's most beautiful tree-lined blocks. Spanning approximately 3,615 square feet across four levels - plus a 745 square foot cellar with 7 foot ceilings - this is the kind of property that draws buyers who understand what original Brooklyn architecture actually means, and what it costs to find it intact.

From the moment you arrive, the home announces its pedigree. The original entry door, beautifully preserved, opens into a grand interior staircase that anchors the home and speaks to the craftsmanship of its era. Throughout the property, exposed brick fireplaces appear in multiple rooms - not as decorative afterthoughts, but as original architectural features that give each space a warmth and character that simply cannot be replicated. The scale of the rooms, the ceiling heights, and the quality of the original details place this firmly among the most authentic brownstones available in the neighborhood today.

Light is a genuine asset here. The home receives exceptional natural light throughout the day, further enhanced by skylights that draw the sun deep into the interior. Paired with the open southern exposure typical of Putnam Avenue's north-facing blocks, the result is a home that feels airy and alive at every hour.

The well-appointed kitchen is move-in ready, and the private backyard - generous in scale and fully enclosed - offers the kind of outdoor living space that Brooklyn buyers consistently prioritize and pay a premium for. Below grade, the full cellar level with cement floors provides substantial additional square footage for storage, mechanicals, or future buildout.

The two-family configuration offers immediate flexibility: live in one unit and lease the other, or hold the property as a fully income-producing asset in one of Brooklyn's strongest rental markets. Either way, the carrying costs are manageable and the demand is consistent. Currently utilized as a single family home with multiple kitchens, the property will be delivered vacant.

For buyers with an eye on long-term value, the air rights tell a compelling story. With a current FAR of 2.32 against a residential maximum of 3.0, there are approximately 1,059 square feet of unused, buildable area - a meaningful development opportunity, subject to DOB approval, that adds a dimension of upside that most comparable properties on this block simply cannot offer.The property also offers approximately 1590 square feet of outdoor space, including the existing roof.

Conveniently located near the A and C trains at Nostrand Avenue, and surrounded by the restaurants, cafés, and cultural institutions that have made Bed-Stuy one of Brooklyn's most sought-after addresses, 425 Putnam Avenue represents a rare convergence of original character, functional income potential, and genuine future upside.

Legal 2-family 19' wide 3,615 sq ft Full cellar Private backyard Skylights Exposed brick fireplaces Original staircase & entry door 1,059 sq ft remaining buildable R6B zoning

Features & Amenities

Interior Features

High Ceilings Smoke Free In Unit Fireplace (1)

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units -1
Stories 1
Structure Townhouse

Financial Details

RE Taxes $58,548/yr ($4,879/mo)

Bedford/Stuyvesant, in Brooklyn, features a mix of traditional brownstone row houses and mid-rise apartment buildings. Local amenities include proximity to major parks and robust access via subway lines, such as the L and J/Z trains. The area retains much of its historic architecture alongside newer residential developments.

Bedford-Stuyvesant Live Market Data

View Neighborhood

Active Listings

103

Median Asking Price

$1.45M

Median $/Sqft

$893

Avg Days on Market

N/A

New This Week

8

Price Reduced

18%

Sold (30 Days)

1

Median Sale Price

$1.76M

Live data from RLS at REBNY • Updated 5/18/26, 11:26 AM EST

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Location

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425 PUTNAM Avenue, Bedford-Stuyvesant, Kings County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
3
Floors
2
Residential Units
R6A
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $137,100
Land Value: $13,440
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,558 SF
Building Area: 3,620 SF
Built FAR: 2.32
Allowed FAR: 3

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $58,548, or roughly $4,879 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 4 full bathrooms.

The listed interior living area is 3,615 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1899, making it approximately 127 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $3,500,000 for 3,615 sq ft, the asking price per square foot is approximately $968. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20091864
First Listed: 5/18/2026
On Market: 5/18/2026
Price Changed: 5/18/2026
Contract Date: 5/18/2026

Listing Courtesy of Serhant - Corrin Thomas

Listing Contact: (212) 495-9871

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/18/2026 at 3:26 PM UTC

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