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1881 Putnam Ave
Ridgewood, NY 11385
Six Family deliver 3 units VACANT · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Prime location surrounded by public transportation and retailers
- total deliver 3 units vacant
- 1 unit Free Market, delivering vacant
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $199,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 7.14% | Building Size | 5,600 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Low-Rise | ||
| Zoning | R6B - Medium-density residential district | ||
| Price Per Unit | $199,833 |
| Sale Type | Investment |
| Cap Rate | 7.14% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - Medium-density residential district |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 03471-0036 | Improvements Assessment | $154,645 |
| Land Assessment | $2,551 | Total Assessment | $157,196 |
Property Taxes
Parcel Number
03471-0036
Land Assessment
$2,551
Improvements Assessment
$154,645
Total Assessment
$157,196
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