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1299 Putnam Avenue, Brooklyn, NY 11221

Brooklyn
Local realty services provided by:CENTURY 21 Awaye Realty
1299 Putnam Avenue,Brooklyn, NY 11221
$3,200,000
  • 12 Beds
  • 6 Baths
  • 1,625 sq. ft.
  • Multi-family
  • Active
Listed by: shai bernstein, noam y gottlieb, sahar ziv
Office: douglas elliman real estate
MLS#:RLS20100661
Source:NY_REBNY

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$1,969.23

About this home

<p> 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.</p> <p> 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.</p> <strong></strong> <p> </p>

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Home facts

  • Year built:1903
  • Subdivision & Development:Bushwick
  • Listing ID #:RLS20100661
  • Added:118 day(s) ago
  • Updated:October 27, 2026 at 11:33 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Rooms Total:26
  • Basement:Yes
  • Living area:1,625 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Central air:Yes

Structure and exterior

  • Year built:1903
  • Building area:1,625 sq. ft.
  • Levels:3 Story

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$1,969.23
  • Tax amount:$15,972
MLS LogoThis 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. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. NY_REBNY Member Broker: Arlene Waye

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