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1722 Putnam Ave - 6-family with one vacant apartment 6 Unit Apartment Building Offered at $880,000 at a 5.51% Cap Rate Ridgewood, NY 11385
INVESTMENT HIGHLIGHTS
- Legal 6-family with one vacant apartment!
- Three block to Wyckoff Ave L-train station!
- Excellent Ridgewood location!
EXECUTIVE SUMMARY
I'm happy to offer this income-producing legal six-family brick house. Each of the six one-bedroom apartments (convertible to 3 bedrooms) has approximately 872 square feet. Excellent prime Ridgewood location! It is located at Putnam Ave and Cypress Ave, next to Myrle Ave Shopping District, just three blocks from the Wyckoff Ave L-train station.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $880,000 | Apartment Style | Low-Rise |
| Price Per Unit | $146,667 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 5,600 SF |
| Cap Rate | 5.51% | Average Occupancy | 83% |
| Gross Rent Multiplier | 10.35 | No. Stories | 3 |
| No. Units | 6 | Year Built | 1930 |
| Property Type | Multifamily | ||
| Zoning | R6B | ||
| Price | $880,000 |
| Price Per Unit | $146,667 |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| Gross Rent Multiplier | 10.35 |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.06 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
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1722 Putnam Ave - 6-family with one vacant apartment
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