--- title: "1299 PUTNAM Avenue, New York City, NY 11221" description: "1299 PUTNAM Avenue, New York City, NY 11221 — Multi Family Home in Bushwick, Brooklyn, NY. Listing Price $3,200,000. 12 bed, 6 bath, 1,625 sqft Illustrative Buyer Commission Share of $48,000 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11221/1299-putnam-avenue-ny-11221" source: "Real Estate Rebate Team" status: "Active" --- # 1299 PUTNAM Avenue, New York City, NY 11221 Multi Family Home in Bushwick, Brooklyn, NY **New Development · Sponsor Residence** Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $3,200,000 - **Beds**: 12 - **Baths**: 6 - **Sqft**: 1,625 - **Monthly Taxes**: $1,331 / mo - **Price per Sqft**: $1,969 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $3,200,000 - **Illustrative Buyer Commission Share**: -$48,000* - **Illustrative Net Cost**: $3,152,000 *Illustrative Buyer Savings of $48,000 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a193bd48-acf4-4918-a9cb-229629bf8ce0.jpg) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d48f8d24-d603-4a86-9a4b-af9b697e883c.jpg) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/641fe15d-7f81-4ebc-a110-4593f454f411.jpg) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/09aa7087-43cb-4317-bf9f-2a917d9e7c7d.jpg) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/46105070-d920-4a4f-9d78-f333978ae0c7.jpg) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/95fa08d7-5723-4b4f-95d8-ec0a5ef9361a.jpg) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2c1e4445-20f8-4a48-b64a-1ca1b7f10612.jpg) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/885f924b-0129-4909-a6e7-5ac638993f03.jpg) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8c560661-938b-4a6e-8949-b91d3ab92b00.jpg) ![1299 PUTNAM Avenue, New York City, NY 11221 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/47c558c9-e545-4168-9d82-319b8edfa910.jpg) ## Property Overview 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 - **Property Type**: Multi Family - **Beds**: 12 - **Baths**: 6 - **Rooms**: 26 - **Sqft**: 1,625 sqft - **Stories**: 3 - **Year Built**: 1903 - **Price per Sqft**: $1,969 - **Monthly Taxes**: $1,331 / mo - **Listed On**: Jun 30, 2026 - **Days on Market**: 82 Days ### Residence Features - Central Air - Building Other - Smoke Free ## Buying in a new development? Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo. [Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc) ## Estimated Monthly Payment **$17,512 / month**, assuming a 20% down payment ($640,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $16,181 - **Property Taxes**: $1,331 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $3,200,000 - **Median sold price**: $1,692,500 - **Difference**: +$1,507,500 (+89.1%) - **This home, $/ft²**: $1,969 - **Median $/ft²**: $532 - **Comparable sales**: 36 - **Sales from**: October 2021 – September 2026 - **Middle half of those sales**: $1,443,750 – $1,912,500 Based on house sales in Bushwick. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Bushwick. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sale-to-list price**: 98.3% (27 sales) - **Sold below asking**: 63% (27 sales) - **Typical time to find a buyer**: 87 days (30 sales) - **Typical time to close**: 69 days (30 sales) Based on house sales in Bushwick with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Sales data through September 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 1299 PUTNAM Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1299-putnam-avenue) ## Property Tax History Taxes at 1299 PUTNAM Avenue were $16,054 in 2026, up 7.3% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $542,250 | $56,250 | $486,000 | $128,432 | $16,054 | 12.5% (estimated) | | 2025 (FY 2025/26) | $451,800 | $56,250 | $395,550 | $119,659 | $14,957 | 12.5% (estimated) | | 2024 (FY 2024/25) | $468,000 | $56,250 | $411,750 | $119,659 | $14,957 | 12.5% | | 2023 (FY 2023/24) | $433,350 | $56,250 | $377,100 | $115,234 | $14,407 | 12.502% | | 2022 (FY 2022/23) | $432,450 | $56,250 | $376,200 | $106,698 | $13,089 | 12.267% | | 2021 (FY 2021/22) | $346,050 | $56,250 | $289,800 | $98,794 | $12,087 | 12.235% | | 2020 (FY 2020/21) | $398,250 | $56,250 | $342,000 | $89,045 | $10,923 | 12.267% | | 2019 (FY 2019/20) | $370,980 | $56,250 | $314,730 | $89,045 | $11,107 | 12.473% | | 2018 (FY 2018/19) | $86,772 | — | — | $86,772 | $10,944 | 12.612% | | 2017 (FY 2017/18) | $72,026 | — | — | $72,026 | $9,161 | 12.719% | | 2016 (FY 2016/17) | $60,746 | — | — | $60,746 | $7,831 | 12.892% | | 2015 (FY 2015/16) | $56,247 | — | — | $56,247 | $7,246 | 12.883% | | 2014 (FY 2014/15) | $56,247 | — | — | $56,247 | $7,231 | 12.855% | | 2013 (FY 2013/14) | $54,499 | — | — | $54,499 | $7,164 | 13.145% | | 2012 (FY 2012/13) | $50,466 | — | — | $50,466 | $6,652 | 13.181% | | 2011 (FY 2011/12) | $46,728 | — | — | $46,728 | $6,277 | 13.433% | | 2010 (FY 2010/11) | $43,267 | — | — | $43,267 | $5,777 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3033690052. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1299 PUTNAM Avenue 1299 PUTNAM Avenue, Brooklyn, NY 11221 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1903 - **Active Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1299-putnam-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11221/1299-putnam-avenue-ny-11221) | 12 | 6 | 1,625 sqft | $1,969 | $3,200,000 | Douglas Elliman Real Estate | Jun 30, 2026 | 81 days | ## This is a new development purchase Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price. - [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) - [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) - [More new developments](https://realestaterebatesnewyork.com/new-developments) ## Bushwick Overview of Bushwick [Explore Bushwick](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Bushwick - [Ridgewood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ridgewood) - [Williamsburg real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg) - [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [Glendale real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/glendale) - [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills) ## Related Links - [1299 PUTNAM Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1299-putnam-avenue) - [Bushwick neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.