1229 Putnam Avenue #3B
About This Property
The bedroom is well-proportioned and includes a large closet, while the bright, spacious bathroom features classic white tile, a linen closet with an in-unit Haier all-in-one washer/dryer, and extra storage. A private balcony just off the living room extends the living space outdoors, offering a peaceful retreat to enjoy your morning cup of coffee.
A dedicated covered parking spot is available for purchase. *Please ask for details!*
Set in the heart of Bushwick, 1229 Putnam is an intimate condominium building located moments from local dining, shopping, and vibrant community life. Easy access to the J, Z, M, and L trains and nearby Citibike stations makes getting around a breeze. Building amenities include a rooftop with sweeping views, a 24-hour gym, and a bike room.
Listed By
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2026 | Price Increased |
$559,000
↑ $9K
(1.6%) | |
| Price Increased | |||
| Jun 16, 2026 | Price Decreased |
$550,000
↓ $30K
(5.2%) | |
| Price Decreased | |||
| Jul 10, 2025 | Listed by Compass | $580,000 | |
| Listed by Compass | |||
| Aug 1, 2019 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/01/2023
|
1 Bed
|
1 Bath
|
579 ft²
|
$540,000
1 Bed
1 Bath
579 ft²
|
$540,000
01/31/2024
|
Srdjan Stojanovic
Bond New York Properties LLC
| |
|
01/22/2020
|
2 Bed
|
2 Bath
|
-
|
$780,000
2 Bed
2 Bath
|
$780,000
01/16/2020
|
Yaakov Lahav
Living New York
| |
|
08/14/2019
|
Studio
|
1 Bath
|
-
|
$850,000
Studio
1 Bath
|
$850,000
08/12/2019
|
Yaakov Lahav
Living New York
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017