Multi Family, 1299 PUTNAM Avenue #, Bushwick South - Powered by DMT

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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.

Listing courtesy of Douglas Elliman Real Estate

Property Details

  • Multi Family

Amenities

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

The Neighborhood

Bushwick
South
Clinton Hill

Bushwick South Guide ›
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For information on 1299 PUTNAM Avenue, # contact:

realtor top real estate agent

Alan Perez

Licensed RE Salesperson

Licensed RE Salesperson
Alan@devmarketingteam.com

Listing courtesy of Douglas Elliman Real Estate
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