‹ Back to Listings

Status: Active

1299 PUTNAM Avenue, #

Bushwick South

$3,200,000
 |  12 Beds  |  6 Baths  |  4,920SF

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.

Property Details

  • Multi Family

Amenities

  • Cooling: Central Air
  • View: Other
  • Smoke Free
  • Pets: Building Yes, No

The Neighborhood

Bushwick
South
Bushwick South

Bushwick South Guide ›
All Neighborhoods ›

For information on 1299 PUTNAM Avenue, # contact:

realtor top real estate agent

Sophia Dong

Licensed RE Salesperson

646-653-5750

Licensed RE Salesperson
sophia@brickandmortar.com
646-653-5750

Listing courtesy of Douglas Elliman Real Estate
The First Name field is required.
The Last Name field is required.
The Email field is required.
The Mobile Number field is required.. Please enter a valid phone number.
All information is intended only for the visitor’s personal, noncommercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026. The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. RLS Data display by Brick & Mortar.