14 Putnam Ave Brooklyn, NY 11238

The property at 14 Putnam Avenue / 1015 Fulton Street is a unique acquisition featuring two separate mixed-use buildings on a single tax lot, spanning from Fulton Street through to Putnam Avenue. The sale encompasses two buildings, each comprising 2 apartments and 1 retail space, all 100% free market and generating significant income. On Putnam Avenue, the retail space houses Hartley’s, a well-known neighborhood bar and restaurant. The Fulton Street side features a popular local Mexican restaurant. The residential units across both buildings are well-leased and positioned to remain highly competitive. The combined net operating income represents a 6.9% cap rate. The property is situated at the intersection of Clinton Hill and Bedford-Stuyvesant, an area experiencing substantial new development, increasing density, and continued retail and residential demand. The location offers close proximity to multiple major subway lines along Fulton Street, providing strong connectivity.