New Today
$ 3,200,000
Building For Sale
Property Type
Active
Status
26
Rooms
$ 15,972
Real Estate Taxes
[Per Annum]
Building Details
Multi-Family
Ownership
Attached House
Building Type
None
Service Level
Walk-up
Access
3369/52
Block/Lot
25'x65'
Building Size
25'x100'
Lot Size
R6
Zoning
1903
Year Built
3/6
Floors/Apts
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
Features
A/C [Central]
Contact
Jennifer Lee
License
Licensed As: R.E. Associate Broker
Licensed Associate Real Estate Broker
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Additional building data provided by On-Line Residential [OLR].
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Listing ID: 107001TH
