$780,000
●
Condo -
Off Market
1229 Putnam Avenue #5B
Brooklyn, NY 11221
2 Beds
2 Baths
$1,125,464
RealtyHop Estimate
44.29%
Since Feb 1, 2020
NY-New York
Primary Model
About This Property
Welcome to your new home at 1229 Putnam Ave, an intimate, newly
constructed condominium in Bushwick, Brooklyn. This one of a kind
elevator building features 19 luxurious units, a virtual doormen, a
fully equipped gym, bike storage and a roof deck.
Apartment 5B is a Two (2bd) bedrooms, Two (2bth) baths, south facing simplex.Upon entering the home, your attention will be drawn to the exquisite finishes though-out, with floor-to-ceiling windows that allow a wealth of natural sunlight throughout, large three closets, an open kitchen that is equipped with sleek white quartz countertops, subway tile backsplash, self-closing drawers, and a high-end Bloomberg appliance package including gas cook-top, range hood, dishwasher, refrigerator, and a washer/dryer.
This apartment unit also features high ceilings, a private balcony, brand new stainless steel appliances, 2 full bathrooms and floor to ceiling windows. The unit comes with its own parking Spot!!!!
Located within a walking distance to the J/M/Z at the Gates stop or the L at the Myrtle stop.
Apartment 5B is a Two (2bd) bedrooms, Two (2bth) baths, south facing simplex.Upon entering the home, your attention will be drawn to the exquisite finishes though-out, with floor-to-ceiling windows that allow a wealth of natural sunlight throughout, large three closets, an open kitchen that is equipped with sleek white quartz countertops, subway tile backsplash, self-closing drawers, and a high-end Bloomberg appliance package including gas cook-top, range hood, dishwasher, refrigerator, and a washer/dryer.
This apartment unit also features high ceilings, a private balcony, brand new stainless steel appliances, 2 full bathrooms and floor to ceiling windows. The unit comes with its own parking Spot!!!!
Located within a walking distance to the J/M/Z at the Gates stop or the L at the Myrtle stop.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Condo
Property Taxes
$546
HOA Dues
$300
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (RLS #RLMX-00683002146892)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 22, 2020 | Listed by Living New York | $780,000 | |
| Listed by Living New York | |||
| Jan 16, 2020 | Sold | ||
| Sold | |||
Property Highlights
Garage
Parking Details
Has Garage
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Appliances: Dryer, Washer
Laundry Features: Common Area
Rooms: 4
Exterior Details
Outdoor Living Structures: Building Terrace, Balcony
Pets Allowed: Building Yes, Yes
Financial Details
Tax Annual Amount: $6,552
Location Details
Subdivision Name: Bushwick
Association Fee: $300
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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
About Northern Brooklyn
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Listed by: Kobi Lahav
Listing Courtesy of Living New York
Last Updated: 3 years ago
Last Checked: 8 minutes ago
Data Source: REBNY (©2026 Real Estate Board of New York)
The information is being provided by REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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 REBNY Listing Service, Inc. All rights reserved. RLS Data display by RH Advisors.
Listing Courtesy of Living New York
Last Updated: 3 years ago
Last Checked: 8 minutes ago
Data Source: REBNY (©2026 Real Estate Board of New York)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017