Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

585 Putnam Avenue

Pending · Listing by Corcoran Group

585 Putnam Avenue

Bedford-Stuyvesant, Brooklyn

$1,795,000

Interested in this property?
Pending For Sale Multi Family

$1,795,000

$598 per sq ft

585 Putnam Avenue

Bedford-Stuyvesant, Brooklyn

MLS® #RLS20102654

RLS at REBNY

Listing by Corcoran Group

7
Bedrooms
3.5
Baths
3,000
Sq. Ft.
1901
Year Built

Quick Summary

Bedrooms 7
Bathrooms 4 full, 1 half
Living Area 3,000 sq ft
Lot Size 774 sq ft
Year Built 1901
Ownership None
Property Taxes $6,864/yr
Neighborhood Bedford-Stuyvesant
Floor 1 of 4

Property Highlights

  • Exposure: North,South facing
  • Fireplace: 1 fireplace
  • Style: Italianate architecture

Property Details

Type Multi Family
Ownership None
Total Rooms 11
Baths 3 Full, 1 Half
Floor 1 of 4
Exposure North,South
Cooling Central Air
Pets Yes
Year Built 1901
Living Area 3,000 sq ft
Architectural Style Italianate
Structure Type MultiFamily,Townhouse
Flooring Hardwood
Furnished Unfurnished
Basement Full
Lot Size 774 sq ft
Parcel # 01644-0072
Block/Lot 01644/0072

Listing History

Event Date Price Change
Listed Jul 9, 2026 $1,795,000 -
Currently Aug 27, 2026 $1,795,000 -

Description

Welcome to 585 Putnam Avenue, a four-story Brooklyn brownstone townhouse configured as an owner’s triplex over a garden duplex rental, located on a well-kept block in Stuyvesant Heights, Bed-Stuy. This is a practical opportunity to move in as-is while adding value over time, with built-in rental income. The home features hardwood floors, central HVAC, and four decorative fireplaces throughout. The parlor level offers high ceilings, original wainscoting, a decorative fireplace, and a powder room. The kitchen is fully functional with a new stove and opens to an oversized rear deck. Upstairs, the primary level features a full-width bedroom with a decorative fireplace and an en-suite bath with double vanity, tub, and separate shower. This floor also includes a second bedroom or sitting room and a washer/dryer closet. The top floor is bright with skylights and includes three additional bedrooms and a full bath. The garden level includes a two-bedroom rental with access to a finished basement, offering strong income potential. A separate front portion of the basement, accessible from the main hallway, provides additional storage. The rear yard is fully paved for low maintenance. A Bed-Stuy townhouse under $2M with income potential and flexibility to maintain, upgrade, or reconfigure over time.

Features & Amenities

Interior Features

Eat In Kitchen High Ceilings In Unit See Remarks Flooring: Hardwood Fireplace (1)

Exterior Features

Private Outdoor Space Over60 Sqft

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 4
Structure MultiFamily,Townhouse
Style Italianate

Financial Details

RE Taxes $6,864/yr ($572/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

82

Median Asking Price

$1.62M

Median $/Sqft

$867

Avg Days on Market

N/A

New This Week

4

Price Reduced

30%

Sold (30 Days)

18

Median Sale Price

$1.77M

Live data from RLS at REBNY • Updated 8/27/26, 1:23 PM EST

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Location

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585 Putnam Avenue, Bedford-Stuyvesant, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
3
Floors
3
Residential Units
R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $80,760
Land Value: $22,440
Exemptions: $0

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

Lot Area: 1,800 SF
Building Area: 3,240 SF
Built FAR: 1.8
Allowed FAR: 2

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 common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $6,864, or roughly $572 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 3,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1901, making it approximately 125 years old.

This listing is None

Pet policy requires confirmation with Milton Coste.

At the current list price of $1,795,000 for 3,000 sq ft, the asking price per square foot is approximately $598. 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 milton@miltoncoste.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: RLS20102654
First Listed: 7/9/2026
On Market: 7/9/2026
Price Changed: 7/9/2026
Pending Since: 7/24/2026
Contract Date: 10/3/2025

Listing Courtesy of Corcoran Group - Emma James

Listing Contact: (646) 283-1303

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 8/27/2026 at 5:23 PM UTC

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Bedford-Stuyvesant Market Update

18 sales last 30 days · $1.62M median · 4.6 months supply

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New listings in this neighborhood

Quick Facts

Status Pending Type Multi Family Neighborhood Bedford-Stuyvesant Borough Brooklyn
County Kings
Floor 1 of 4
Year Built 1901
First Listed 7/9/2026
Style Italianate
Living Area 3,000 sqft
Annual Tax $6,864

Monthly Costs Estimate

Down Payment 20%

$359,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $572
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$17,950

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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