1881 Putnam Ave - Apartments FOR SALE


Ridgewood, NY 11385
$1,499,000 USD
917-900-8066
1881 Putnam Ave, Ridgewood, NY for Sale
$1,499,000 USD
Apartments - FOR SALE
1/12
null | 5.71% Cap Rate

1881 Putnam Ave
Ridgewood, NY 11385


HIGHLIGHTS

  • Prime location surrounded by public transportation and retailers
  • 1 unit free market, delivering vacant
  • total deliver 3 vacant

OVERVIEW

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. Could deliver at least 2 units vacant. 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. Please call or text 917-900-8066 for a faster response. Email inquiries via LoopNet may experience a delay.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

6

PRICE/UNIT

$249,833

CAP RATE

5.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgewood Six

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

03471-0036

ASK ABOUT THIS PROPERTY

Alice Xin ZhangBillion Homes Realty CorpMore Info
917-900-8066

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Alice Xin ZhangBillion Homes Realty CorpMore Info
917-900-8066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.