1881 Putnam Avenue, Ridgewood, NY 11385
- $1,199,000
- List Price
- $1,199,000
- Days on Market
- 17
- MLS#
- 1041101
- Status
- ACTIVE
- Property Type
- Multi Family
- Year Built
- 1930
- Property Tax
- $19,553
- School District
- Queens24
Property Description
Large 6-family building located in the heart of Ridgewood, just 1 minute walk to the M train station. Unit configuration includes 1 free-market unit, 4 rent-stabilized units, and 1 rent-controlled unit, offering both stable cash flow and upside potential. Potential for partial vacancy. Building size 27.5’ × 68’ with approximately 5,600 SF of living space, plus a full walk-out basement. Excellent long-term investment with strong rental demand and value-add opportunities. Net Income 85,601/yr, Cap Rate 7.14%
Additional Information
- Acres
- 0.06
- Parking
- On Street
- Stories
- 3
- Basement
- Full
- Heating
- Hot Water, Natural Gas
- Cooling
- Wall/Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Xin Zhang (alice@billionhomesrealty.com) from Listing Office: Billion Homes Realty Corp.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.