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1299 PUTNAM Avenue Brooklyn, NY $ 3,200,000
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$ 3,200,000 Get more info
1299 PUTNAM Avenue
$ 3,200,000
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1299 PUTNAM Avenue

Brooklyn, NY, 11221
$ 3,200,000
Bedrooms12 Baths6.0 Sq 1,625

Monthly Estimate*

$ 20,205

​

Multi-Family Home for sale in Brooklyn, NY

for $3,200,000 with 12 bedrooms and 6 full baths. This 1,625 square foot home was built in 1903.

1299 Putnam Avenue prеsеnts а cοmреlling opportunіtу tο аcquіre 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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Multi-Family Active

Price

$ 3,200,000

Bedrooms

12

Full Bath

6

Property Type

Multi-Family

Taxes

$ 15,972

Style

Year Built

1903

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

RLS20100661
List By
Shai Bernstein

Listing Agent

Douglas Elliman Real Estate

Broker

(718) 708-3350

Phone

Affordability Calculator

$21,536
Per Month
94%
6%
0%
Monthly Principal & Interest
$20,205
Monthly Property Taxes
$1,331
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
6/30/2026$3,200,000 Listed Price

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1299 PUTNAM Avenue, Brooklyn, NY, 11221 is a Multi-Family Home for sale at $3,200,000 with 1,625 sqft. 1299 PUTNAM Avenue has 12 bedrooms, 6.0 baths, and was built in 1903. The property's zip code is 11221 which is in Brooklyn, NY

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