1929 Putnam Ave - Apartments FOR SALE
Ridgewood, NY 11385 |
$2,250,000 USD
516-491-1492
1929 Putnam Ave
Ridgewood, NY 11385
HIGHLIGHTS
- New development 4 Duplex units and Beautiful Finishes
- Easy access to the subway and very walkable
- 421A Tax Abatement
- Excellent transit access via M and L subway lines and major bus routes.
- Located near Myrtle Avenue, Bushwick, and Williamsburg hotspots.
- Fully occupied with immediate cash flow and strong rent roll.
OVERVIEW
Bridge Advisory Group has been exclusively retained to market the sale of 19-29 Putnam Avenue Ridgewood, NY 11385.
Newly built in 2018, this beautiful development was thoughtfully designed to maximize space. Built as 4 duplex units, with three floors above grade, tenants enjoy spacious layouts and outdoor space creating strong rental upside.
19-29 Putnam Avenue benefits from a 15-year 421A tax abatement, allowing for immediate cashflow upon acquisition & free market status upon expiration in 2033.
To view an Offering Memorandum, and for more information, please contact Matthew Dowling with Bridge Advisory Group.
Matt@bridgenyre.com
(516) 491-1492
FOR SALE DETAILS
PRICE
$2,250,000 USD
PRICE/SF
$420 USD /SF
# OF UNITS
4
PRICE/UNIT
$562,500
CAP RATE
6.88%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2018
PARKING SPACES
3
LAND DETAILS
LAND ACRES
0.07 AC
LAND SF
3,049 SF
ZONING
R5B
APN/PARCEL ID
03481-0050
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516-491-1492
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516-491-1492
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