18-14/16 Putnam Ave,Ridgewood, NY 11385
Ridgewood, NY 11385
Description
Excellent investment opportunity in the heart of Ridgewood! 18-14/16 Putnam Avenue is a fully leased commercial property situated on a 50' x 100' lot with a 50' x 100' building footprint. Zoned R6B/C1-4. The property is occupied by an established laundromat tenant under a long-term lease from January 1, 2020 through December 31, 2034. Current monthly rent is $8,819.24 with 3% annual increases. Tenant is responsible for electric, gas and water. OWNER FINANCING AVAILABLE: Owner may finance up to 50% of the purchase price for 10 years at 6% interest, offering an attractive financing opportunity for qualified buyers. Excellent opportunity for investors seeking stable rental income, contractual annual rent growth and long-term tenancy in a desirable Ridgewood location. Conveniently located near neighborhood businesses, residential communities, shopping and transportation. All information is deemed reliable but should be independently verified by purchaser.
Details
| MLS # | 859344 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 473 |
| Listing Provided By | Apple Realty Group Corp | Raymond C. Wong |
Features
| SQ Feet | 5,000 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Building(s) | 1 |
| Zoning | C1-4 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 35082 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
