this home
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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