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1299 Putnam Avenue

Bushwick, Brooklyn, NY 11221

$3,200,000
  • 26 Rooms
  • 12 Bedrooms
  • 6 Bathrooms

1299 Putnam Avenue
Bushwick, Brooklyn, NY 11221

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Brooklyn / NY

Multi Family HIGHLIGHTS

  • Property Type

    Pre-War Multi Family

  • Views

    Yes - Other

  • Central AC

    Yes

  • Pets Allowed

    Yes

  • Year Built

    1903

  • RE Tax

    $15,972

Listing courtesy of Shai Bernstein of Douglas Elliman Real Estate.

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.

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  • Bathrooms Total

    6

  • Bedrooms Total

    12

  • City Region

    Brooklyn

  • MLS #

    Rls20100661

  • Neighborhood

    Bushwick

  • Pool Features

    Building None

  • Property Type

    Multi Family

  • Year Built

    1903

  • Building Features

    Green Building

  • Building Smoke Free

    Yes

  • Laundry Features

    Building Other

  • Building Area Total

    1625

  • Entry Level

    1

  • Structure Type

    Townhouse

  • Total Number of Units

    6

  • Total Stories

    3

  • Year Built

    1903

  • Pets Allowed

    Yes

  • Neighborhood

    Bushwick

  • View

    Yes - Other

  • Annual Taxes

    $15,972

  • Basement

    Other

  • Cooling

    Yes - Central Air

  • Interior Features

    Smoke Free

  • Total Rooms

    26

in US Dollars

%

Total/Month

  • Principal & Interest
  • Property Taxes (monthly) $1,331

 *The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

1299 Putnam Avenue

Location

Nearby Points of Interest

  • The Caffeine Underground LLC

    Cafes, Independent

  • Playground

    Parks

  • Andersen, Marilyn

    Health Care, Independent

  • Natural Farm Market

    Food Shops, Independent

  • Jerferson Hardware & 99 C Corp

    Non Food Shops, Independent

Data courtesy of LocalLogic.co

Bushwick
Neighborhood

Bushwick

Bushwick is a residential and mixed-use neighborhood in northern Brooklyn bordered by Williamsburg, Bedford-Stuyvesant, Ridgewood (Queens), and East New York. Historically an industrial area, it features a mix of row houses, pre-war...

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1299 Putnam Avenue

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Last Updated: Jun 30, 2026 at 3:02 PM


RLS Data displayed by Brown Harris Stevens