New Listing - 06/30/2026

$3,200,000

Est. Mortgage $15,348/mo *

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Listing courtesy of Douglas Elliman Real Estate (212) 891-7000

1299 PUTNAM Avenue, Brooklyn, (Bushwick), NY, 11221

1299 PUTNAM Avenue, Brooklyn, (Bushwick), NY, 11221
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26 rooms

12 beds

6 Full baths

1903

1299 Putnam Avenue presents a compelling opportunity to acquire a newly renovated six-unit multifamily property in Brooklyn with strong in-place income and meaningful upside potential. Spanning approximately 5,000 square feet, the building measures 25 by 65 feet and underwent a full substantial rehabilitation beginning in 2018, culminating in a new Certificate of Occupancy received in 2020.

The property offers a projected NOI of approximately $192,000 and is being offered at a 6% capitalization rate, providing investors with attractive current cash flow supported by recent building-wide improvements. With its updated condition, strong income profile, and long-term value-add potential, 1299 Putnam Avenue is well positioned as a compelling multifamily investment opportunity.

Status:

Active

Town:

Brooklyn

Type:

Condo/Coop

Laundry Remarks:

Building Other

Units:

6

Cooling:

Central Air

Basement:

Other

Levels:

3

Lot Size:

100.00x25.00

Est. Taxes:

$15,972

View Description:

Other

Pet Policy:

Building Yes, No

Pool:

Building None

MLS #:

RLS20100661

Community Info

School Info

Walk Score

Mass Transit

Yelp

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