Local Realty Service Provided By: Coldwell Banker Warburg
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
Douglas Elliman Real Estate
Last updated:
September 16, 2026, 02:17 PM
MLS#
RLS20100661
Source:
NY REBNY
About This Home
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.
Home Facts
Multi-Family
6 Baths
12 Bedrooms
Built in 1903
Subdivision & Development:
Bushwick
Price Summary
3,200,000
$1,969 per Sq. Ft.
MLS #:
RLS20100661
Last Updated:
September 16, 2026, 02:17 PM
Added:
2 month(s) ago
Rooms & Interior
Bedrooms
Total Bedrooms:
12
Bathrooms
Total Bathrooms:
6
Full Bathrooms:
6
Structure
Structure
Building Area:
1,625 Sq. Ft.
Year Built:
1903
Finances & Disclosures
Price:
$3,200,000
Price per Sq. Ft:
$1,969 per Sq. Ft.
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Contact an Agent
Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.
If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.