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1693 Putnam Ave
Ridgewood, NY 11385
Retail Property For Sale
PROPERTY FACTS
ABOUT 1693 PUTNAM AVE , RIDGEWOOD, NY 11385
New Exclusive Listing: Corner Lot Mix-Used commercial located in prime location with heavy traffic. 4 retails with 4 apartments. The rent is way below market value. Huge potential, estimate cap rate over 6%. Great for investors. Contact me at 646-610-0360 ??1693 Putnam ave Ridgewood ny 11385 Retail 1: Randy's Chinese Restaurant $4100/monthly-$5000/Monthly Market Rate Retail 2: Happy Fresh Taco $3400/monthly-$4000/Monthly Market Rate Retail 3: Cypress Ave Locksmith $1600/monthly-$2000/Monthly Market Rate Retail 4: TD Wireless Solution Phone $1500/monthly-$2000/Monthly Market Rate Annual Income for Retails: $127,200 $156,000 Market Rate 4 Apartment Four 3 bedroom 1 bath $1600 each (way below market rate) $6400/monthly $76,800 Annual Income Market Rate: $2800 each *4 $11200/monthly $134,400 Annually Annual income: $204000 Project Income $290,400 Owner Expense Annually Property tax $35,281 Insurance $3800 Water: $4000 Annual expense: $48081 Net income: $157119 Project Net Income: $211182
PROPERTY TAXES
| Parcel Number | 03451-0024 | Improvements Assessment | $362,160 |
| Land Assessment | $8,145 | Total Assessment | $370,305 |
PROPERTY TAXES
