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%
Listing By
Agency Name: Billion Homes Realty Corp
Agency Phone: 718-516-5888
Shown By
Agent Name: Carlos Alleyne
Agent Phone: (929) 379-7376
Agency Title: Coldwell Banker American Homes
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1881 Putnam Avenue | MLS# 1041101
This commercial property located at 1881 Putnam Avenue , Ridgewood, NY 11385 is currently listed for sale with an asking price of $1,199,000. Putnam Avenue is located within the Queens24 school district. Search Ridgewood real estate on carlosalleyne.cbamhomes.com today.