1299 Putnam Avenue
Bushwick | Central Avenue & Wilson Avenue
Ownership
Multi-Family
Lot Size
25'x100'
Floors/Apts
3/6
Status
Active
Real Estate Taxes
[Per Annum]
$ 15,972
Building Type
House
Building Size
25'x65'
Year Built
1903
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.
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 Courtesy of Douglas Elliman Real Estate
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Apartment Features
A/C [Central]
Building Details [1299 Putnam Avenue]
Ownership
Multi-Family
Service Level
None
Access
Walk-up
Block/Lot
3369/52
Building Size
25'x65'
Zoning
R6
Building Type
House
Year Built
1903
Floors/Apts
3/6
Lot Size
25'x100'
Mortgage Calculator in [US Dollars]
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
