1168 Putnam Avenue

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1168 Putnam Avenue
1168 Putnam Avenue
Bushwick
- 9 BED
- 3 BATH
$1,395,000

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Details

Introducing 1168 Putnam Avenue - Prime Bushwick Investment Property. Built in 1901 this 3 story (35ft) structure has recently been renovated with little to no repairs needed. The ground floor duplex (unfinished basement) has 3 bedrooms and 1 full bathroom. The second floor (Parlor) and (Top) floor are both 3 bedrooms with one full bathroom. With low annual operational cost, including low taxes and rising rents an investor can easily expect a cap rate of 5% return.

Built size:17.5 X 45
Lot size: 17.5 X 100
SQ FT 3,341
Taxes: $3,004

Located in Central South Bushwick on a residential one way street just a few blocks off the J, Z, Subway lines and a short distance from Irving Square Park. The surrounding neighborhood offers a myriad of options for shops, cafes, bars, restaurants, grocery stores and more, with easy access to the Jackie Robinson Expwy. Please reach out for a full set up and to schedule a showing

Listing Courtesy of Corcoran Group.

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Contact Agent

Adam Heller
President

adam@hellerorg.com
917-439-8300

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Property Information

PRICE
$1,395,000
PRICE PER SF
418
BEDROOMS
9
BATHROOMS
3
ASF | SM
3,341SF | 310SM
FLOORS | APTS
2
PET POLICY
Pets Allowed

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1168 Putnam Avenue

Contact Agent

As the President & CEO of The Heller Organization founded 25 years ago in New York City, Adam brings a wealth of knowledge from all aspects of the market including residential, commercial, and development. He has developed the expertise to facilitate every type of sale or rental transaction, including cooperatives, condominiums, townhouses, retail, office space, and development sites. His keen understanding of construction, architecture, and real estate development, aids in the process of identifying and negotiating the best possible investments for a client’s particular needs.

With over $1 Billion in closed residential and commercial transactions, Adam is continually growing within all aspects of the industry. In recent years he has had a strong emphasis on new development and has been actively involved with the leasing of both the residential and retail components of several high-profile projects throughout New York City. Adam currently manages the leasing for 20 residential projects comprising nearly 2000 high-end rental and condominium units. Additionally, Adam is currently working on several new development projects throughout Manhattan, Brooklyn and Queens, where his firm is actively involved throughout the pre-development phase through the marketing, sales and leasing.

Adam is also a co-managing partner of RAS Realty Partners which owns and operates approximately 2000 multi-family residential units throughout the southeast. RAS Realty Partners is headquartered in Boca Raton, Florida, and brings many decades of collective experience in commercial and residential real estate to every opportunity, specializing in the acquisition, development and operation of multi-family properties across the United States.

Prior to establishing The Heller Organization, Adam worked for Newmark Knight Frank in Downtown Manhattan. He currently serves as an active member of the Real Estate Board of New York, and holds a Masters Degree from Columbia University's Real Estate Development Program and an undergraduate degree in Information Technology from Syracuse University.

Adam Heller

President

adam@hellerorg.com

p: 917-439-8300