496 Putnam Ave #16, Brooklyn, NY 11221

Offered at $2,499,999 | Cap Rate: 6.21% 496 Putnam Avenue presents a rare opportunity to acquire a 16-unit, rent-stabilized multifamily property in the heart of Bedford-Stuyvesant. Owned and maintained by the same family for over 20 years, this four-story limestone building features a balanced mix of (8) one-bedroom apartments (south-facing) and (8) studio units (north-facing). The property is 100% occupied, with units consistently renovated and upgraded as vacancies occur, ensuring strong tenant demand and stable operations. Positioned on the corner of Putnam Avenue and Throop Avenue, the building sits in one of Brooklyn’s most established and desirable rental markets. Income & Expenses (Updated) Gross Monthly Rent: $21,316.14 Annual Gross Income: $255,793.68 Expenses: • Con Edison: $1,100 • National Grid (Gas Heating): $7,800 • Water/Sewer: $11,000 • Real Estate Taxes: $64,486 • Insurance: $13,503 • Maintenance: $6,000 Net Operating Income (NOI): $155,249.87 Cap Rate: 6.21% at asking price Investment Highlights 16 Units – (8) Studios / (8) One-Bedrooms Rent-Stabilized, 100% Occupied Asset Updated NOI Reflects a 6.21% Cap Rate Consistent renovations and long-term owner upkeep Prime Bed-Stuy location with strong tenant demand Predictable income with upside via annual RGB rent increases Corner property with a classic limestone façade and excellent sunlight exposure 496 Putnam Avenue is a proven cash-flowing, rent-stabilized asset with long-term operational stability and reliable upside. Its balanced unit mix, updated financials, and prime Bed-Stuy location offer investors a rare opportunity to secure a well-managed, income-producing multifamily property in one of Brooklyn’s strongest rental markets.