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1881 Putnam Avenue Ridgewood, NY $ 1,199,000
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$ 1,199,000 Get more info
1881 Putnam Avenue
$ 1,199,000
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1881 Putnam Avenue

Ridgewood, NY, 11385
$ 1,199,000
Bedrooms-- Baths-- Sq 5,600

Monthly Estimate*

$ 7,571

1881 Putnam Avenue, Ridgewood, NY 11385 - Image 1
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 2
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 3
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 4
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 5
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 6
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 7
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 8
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 9
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 10
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 11
1881 Putnam Avenue, Ridgewood, NY 11385 - Image 12

Commercial Property for sale in Ridgewood, NY

for $1,199,000. This 5,600 square foot building was built in 1930 on a lot size of 0.0629.

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%

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Commercial Active

Price

$ 1,199,000

Property Type

Commercial

Taxes

$ 19,553

Style

Multi Family

Lot Size

0.0629

Year Built

1930

Town/City

Ridgewood

County/Region

Queens

MLS | Web ID

1041101
Features
General
Sewer Public Sewer
Heating Hot Water Natural Gas
Cooling Wall/Window Unit(s)
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Available Sewer Connected Trash Collection Public Water Connected
Construction Materials Brick
Year Built 1930
Property Subtype Multi Family
Tax Year 2024
Parcel Number 03471-0036
County Queens
Property Type Commercial Sale
City New York
High School District Queens24
Number Of Units Total 6
Property Attached Y/N Y
Tax Annual Amount 19553
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Queens24
Elementary School District Queens 24
Tax Assessed Value 415800
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Interior
Basement Full
Total Stories 3
Basement Features Full
Basement (Y/N) Y
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Exterior
Parking Features On Street On Street
Water Source Public
Building Area Total 5600
Waterfront Y/N N
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Internal Only
Street Number 1 1881
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* Excluded Features
List By
Xin Zhang

Listing Agent

Billion Homes Realty Corp

Broker

alice@billionhomesrealty.com

Email

Affordability Calculator

$9,200
Per Month
82%
18%
0%
Monthly Principal & Interest
$7,571
Monthly Property Taxes
$1,629
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4892587 Elementary School
4892047 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
8/20/2026$1,199,000 Listed Price

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1881 Putnam Avenue, Ridgewood, NY, 11385 is a Commercial Property for sale at $1,199,000 with 5,600 sqft and a lot size of 0.0629. 1881 Putnam Avenue was built in 1930. The property's zip code is 11385 which is in Ridgewood, NY

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