1299 PUTNAM Avenue, New York City, NY 11221
- 12 beds |
- 6 baths |
- 1,625 sqft
Multi-Family Home 
Built in 1903 
2,614sqft lot
—— car garage 
$1,969/sqft 
Listed 1 month ago
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.
- Listing Status:
- Active
- Date Added:
- June 30, 2026
- Data Last Updated:
- August 11, 2026 at 12:21AM
- Listing Office:
- Douglas Elliman Real Estate : (212) 891-7000
- Listing Agent:
- Shai Bernstein : (718) 708-3350
- MLS ID:
- RLS20100661
- General: None
- Pool: Building None
- General: 3
- Originating MLS: RLS_REBNY
- County: Kings
- Zoning: 03369-0052
- View: Other
- Source: RLS_REBNY
This listing courtesy of Shai Bernstein , Douglas Elliman Real Estate
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
