This offering presents a prime opportunity to acquire 496 Putnam Avenue, a 16-unit, rent-stabilized multifamily property in the heart of Bedford-Stuyvesant, Brooklyn. Owned and operated by the same family for over 20 years, the building offers investors a well-maintained asset with proven cash flow and long-term upside. The property features a balanced unit mix of (8) one-bedroom apartments and (8) studio units, all rent-stabilized and fully occupied. Current gross rental income is approximately $259,907.64 annually, with steady NOI and significant future appreciation potential as rents gradually increase under NYC Rent Guidelines Board adjustments. Located on a tree-lined block in one of Brooklyn’s most dynamic and desirable neighborhoods, 496 Putnam Avenue benefits from consistent tenant demand, strong neighborhood fundamentals, and excellent access to transportation, retail, and lifestyle amenities. This is a prime opportunity for investors seeking stable cash flow, tax-protected rent regulation, and long-term appreciation in one of New York City’s most sought-after multifamily markets. Investment highlights 496 Putnam Avenue — Bedford-Stuyvesant, Brooklyn Asking Price: $2,299,999 Cap Rate: 6.78% Owned and cared for by the same owner for over two decades, this four-story limestone property delivers stable income, consistent tenancy, and long-term operational reliability. Located at the corner of Putnam Avenue and Throop Avenue, the building sits within one of Brooklyn’s most established and high-demand rental corridors, surrounded by neighborhood amenities, transportation options, and steady renter interest. Property Overview 16 Total Units – 8 Studios (North-Facing) – 8 One-Bedrooms (South-Facing) Four-story limestone façade 100% Occupancy Rent-stabilized building Units updated and renovated upon turnover Reliable building layout with strong natural light throughout Corner property providing dual street exposure Income Summary Gross Monthly Rent: $21,658.97 Annual Gross Income: $259,907.64 Operating 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 Total Annual Expenses: $103,889 Financial Performance Net Operating Income (NOI): $156,018.64 Cap Rate (at $2,299,999): 6.78% Investment Highlights Strong 6.78%+ cap rate in a highly sought-after Brooklyn submarket Fully occupied, fully rent-stabilized, turnkey cash-flowing asset Long-term ownership with a proven track record of maintenance Consistent unit renovations completed as vacancies occur Healthy mix of studios and one-bedrooms, ideal for long-term tenant retention Stable, predictable income stream with low volatility Located in a prime Bedford-Stuyvesant residential pocket near transportation, retail, and dining Ideal for investors seeking steady yield, long-term appreciation, and secure tenancy