496 Putnam Ave #16, Brooklyn, NY 11221

Offered at $2,499,999 | Cap Rate: 6.08% 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 Gross Monthly Rent: $21,316.14 Annual Gross Income: $255,793. 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): $151,904.68 Investment Highlights 16 Units – (8) Studios / (8) One-Bedrooms Rent-Stabilized, 100% Occupied Asset Cap Rate: 6.08% at asking price Renovated and maintained units with long-term ownership care Prime Bed-Stuy location with strong rental fundamentals and tenant demand Predictable income stream with upside through annual RGB rent increases 496 Putnam Avenue is a proven cash-flowing investment with a track record of stability and long-term upside potential. With its classic limestone façade, balanced unit mix, and prime Bed-Stuy location, this property offers investors a rare chance to secure a well-managed, income-producing multifamily building in one of Brooklyn’s strongest rental markets.