583 Putnam Avenue
583 Putnam Avenue, Brooklyn, NY 11221
Bedford-Stuyvesant, Brooklyn
BBL 3016447504 · BIN 3045118
- Year built
- 1901
- Type
- Condominium
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 583 Putnam Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
583 Putnam Avenue is a four-residence condominium in a four-story, 1901 building on an 18-by-100-foot lot in Bedford-Stuyvesant. The sponsor's total offering price is $4,224,000, exactly $1,056,000 a home, and the price has not changed since the plan was filed. The plan went effective in February 2025, and the city recorded two closings in May 2026: a three-bedroom at $1,050,000 and a two-bedroom at $845,000.
The Attorney General record calls the plan new construction. PLUTO dates the building to 1901, and the Department of Buildings records we pulled show alteration jobs on the address and no new-building job, though that pull was limited to five filings. That fits a gut renovation of an existing house. We use the city's description.
Architecture and residences
PLUTO records 4,351 square feet of building area on four floors, with four residential units. We did not read the alteration scopes. Listing records describe a two-bedroom of about 1,573 square feet (unit 1), a two-bedroom of about 900 square feet (unit 3) and a three-bedroom (unit 4). They do not agree on every size. The architect, developer and interior designer are not documented.
PLUTO shows $441,343 of the lot's $531,451 assessed value as exempt. The tax program behind that exemption is not identified in the data we have, and the plan's budget will say whether a buyer inherits it.
Offering and pricing
Per the offering plan filed with the New York State Attorney General (plan CD230062), the plan was submitted March 6, 2023 and accepted September 3, 2024, and declared effective February 13, 2025. The record lists four residential units and an initial and current price of $4,224,000. PH Holdings, LLC is the sponsor.
The Attorney General database returned an error when we pulled this record, so these figures come from our scan of September 27, 2026 and amendments were not reviewed. The scan shows one unit sold. The city's sales file shows two closings in May 2026.
Recorded sales and asks
The Department of Finance sales file shows:
| Unit | Layout | Closed | Price |
|---|---|---|---|
| 4 | 3 bed | May 5, 2026 | $1,050,000 |
| 3 | 2 bed | May 13, 2026 | $845,000 |
Listing records show unit 4 offered at $1,150,000 and, in one record, at $1,210,000 after a reduction. It closed 8.7% under the $1,150,000 ask. Unit 3 appeared at $880,000 and in contract before it closed at $845,000. Unit 1, the larger two-bedroom, was listed at $1,150,000 in a record updated in November 2024. That is a stale figure that may not describe the current offer. We found no closing for units 1 or 2. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Photographs of 583 Putnam Avenue
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 5, 2026 | 4 | 3 BR · 2 BA · 1,106 sf | $1,050,000 | $949/sf | -8.7% |
| May 22, 2025 | 1 | 2 BR · 2 BA · 1,573 sf | $1,125,262 | $715/sf | -2.2% |
| Apr 11, 2025 | 2 | 2 BR · 1 BA · 830 sf | $920,000 | $1,108/sf | -1.1% |
| Dec 17, 2014 | — | 4,170 sf | $2,300,000 | $552/sf | — |
Market read. Most recent trades (2026 to date) cleared a median $949/sf (recorded) across 1 sale.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-01644-7504; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
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At the recent median sale of $1.05M (3 sales in the past 24 months, since November 12, 2024), a buyer putting 25% down would pay about $47,652 to close, or 4.5% of the price.
- Mansion tax: $10,500
- Mortgage recording tax: $15,159
- Title insurance: $4,725
- Attorneys, lender, building fees, reserves and filings: $17,268
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
The plan is effective. Contracts are binding under the plan's terms and closings are under way. Read every amendment.
Price from closings. The two recorded closings sit about 9% below the first ask on unit 4 and about 4% below the last ask on unit 3. Two closings is a thin sample, so read that spread as a guide, not a rule.
Closing costs. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%) and the New York City real property transfer tax (1.425% above $500,000), plus the state mansion tax of 1% at $1 million and above. On the $1.05 million three-bedroom that is about $19,200 in transfer taxes and $10,500 in mansion tax before any gross-up. Homes under $1 million owe no mansion tax. Use the calculators below to run your price.
Tax position. Ask what portion of the exemption, if any, passes to a buyer, and for how long.
Sponsor control. The sponsor controls the board until enough units close. The by-laws set the threshold, and with four units that point comes quickly.
Comparable buildings
If you're considering 583 Putnam Avenue, also look at these Bedford-Stuyvesant condominiums:
- 256 Putnam Avenue — four residences, enlargement and conversion of a row house
- 103 Putnam Avenue — seven-residence new-construction condominium
- 770 Putnam Avenue — three-residence townhouse condominium on Putnam Avenue, enlarged and converted in 2016–17
- 118 Madison Street — four residences, enlargement and conversion of a two-unit house
- 174 Madison Street — four-residence new-construction walk-up
- 72 Quincy Street — five-residence new construction with closings from June 2026
More Bedford-Stuyvesant buildings
- 531 Classon Avenue — 2021 condominium
- 55–57 Franklin Avenue — condominium
- 56 Quincy Street — 2023 condominium
- 592 Marcy Avenue — condominium
- 600-610 DeKalb Avenue, 600 and 610 DeKalb Avenue — 2024 condominium
- 609 Myrtle Avenue — 2005 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Bedford-Stuyvesant.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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646.939.7375 · c.cohen@compass.com