1299 Putnam Ave, Brooklyn, NY 11221
- $3,200,000
- 12
- BD
- 6
- BA
- List Price
- $3,200,000
- Bedrooms
- 12
- Bathrooms
- 6
- Status
- ACTIVE
- Neighborhood
- Bushwick
- Region
- Brooklyn
- MLS#
- RLS20100661
Property Description
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.
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Additional Information
- Year Built
- 1903
- Pets Allowed
- Yes, No
- View
- Other
- Structure Type
- Townhouse
- Cooling
- Central Air
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Listing courtesy of Douglas Elliman Real Estate.
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