5,600 sqft

$1,199,000

1881 Putnam Avenue, Ridgewood NY, 11385

Price per sqft$214.11

Built in1930

Property size5,600 sqft

Property typeCommercial

Courtesy of Billion Homes Realty Corp, Xin Zhang Listing Contact:

Overview

Active

Listed Aug 20, 2026

Updated Aug 22

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%

Additional information

MLS^® ID: 1041101

Interior Features

Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.06 Acres

Other Property Details

Taxes: $19,553
Tax Frequency: Annually

Listings courtesy of OneKey MLS as distributed by MLS GRID

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