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$1,199,000 - 1881 Putnam Avenue, Ridgewood, NY 11385｜MLS # 1041101
| MLS # | 1041101 |
| Construction Year | 1930 |
| Taxes (per year) | $19,553 |
| Fuel Type | Gas |
| Heat type | Hot water |
| Air Conditioning | Wall Unit AC |
| Basement | Full basement |
| Bus | 0 min: Q58 |
| 2 min: B20, Q39 | |
| 3 min: B13, B38 | |
| 4 min: Q55 | |
| 8 min: B26, B52, B54, QM24, QM25 | |
| Subway | 1 min: M |
| 10 min: L | |
| LIRR | 1.9 miles: "East New York" |
| 2.9 miles: "Nostrand Avenue" | |
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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%
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 Billion Homes Realty Corp. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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