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Listing Courtesy of Douglas Elliman Real Estate
$3,200,000
Est. payment /mo
12 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bushwick
MLS Listing ID RLS20100661
Bedrooms 12
Full Baths 6
HOA Y/N No
Year Built 1903
Annual Tax Amount $15,972
Property Sub-Type Multi Family
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.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Central Air
Fireplace No
Laundry Building Other
Exterior
Exterior Feature None
Pool Building None
View Y/N Yes
View Other
Porch None
Private Pool Yes
Building
Dwelling Type Townhouse
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 03369-0052
Ownership None
Monthly Total Fees $1, 331
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by ACLM Group
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