MLS#1041101
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens24
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%
Property Features
Property Type: Commercial -
Basement: Full
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Hot Water, Natural Gas
Lot Size: 0.06 Acres
Stories: 3.0
Taxes: $19,553
Year Built: 1930
Feature Descriptions
Building Area Total: 5600
Days on Site: 4
Exterior: Brick
On Market Date: 2026-08-20
Parcel Number: 03471-0036
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: Queens24
Listed By / Shown By
Listing By
Agency Name: Billion Homes Realty Corp
Agency Phone: 718-516-5888
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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1881 Putnam Avenue | MLS# 1041101
This commercial property located at 1881 Putnam Avenue , Ridgewood, NY 11385 is currently listed for sale with an asking price of $1,199,000. Putnam Avenue is located within the Queens24 school district. Search Ridgewood real estate on www.coldwellbankerchoice.com today.