---
title: "1299 PUTNAM Avenue, Brooklyn, NY 11221"
description: "1299 PUTNAM Avenue, Brooklyn, NY 11221 — NYC real estate listing on Real Estate Rebate Team. Priced at $3,200,000. Est. potential buyer savings up to $80,000 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11221/1299-putnam-avenue-ny-11221"
source: "Real Estate Rebate Team"
---

# 1299 PUTNAM Avenue, Brooklyn, NY 11221

> **Listing Courtesy of:** Douglas Elliman Real Estate

## 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.

## Property Details

- **Price**: $3,200,000
- **Potential Buyer Rebate**: $80,000
- **Bedrooms**: 12
- **Bathrooms**: 6
- **Living Area**: 1,625 sqft
- **Property Type**: Residential
- **Year Built**: 1903
- **Building**: 1299 PUTNAM Avenue
- **Neighbourhood**: Bushwick
- **Area / Borough**: Brooklyn
- **Subdivision**: Bushwick
- **Listing Office**: Douglas Elliman Real Estate
- **State**: NY
- **Flags**: New Development, Sponsor Unit

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$80,000** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/1299-putnam-avenue)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/bushwick)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.