Jeffrey Farnell - Smitchger Realty Logo
New Listing
$1,199,000
( $214.11Per Sq Foot )
 $6,436 est/mo Sourced by Back At You

1881 Putnam Avenue,Ridgewood, NY 11385

Ridgewood, NY 11385

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Description

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%

Details

MLS #1041101
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1930
Days On Site4
Listing Provided ByBillion Homes Realty Corp | Xin Zhang

Features

SQ Feet5,600
BasementY
Story(s)3
Units6
Acreage0.06

Interior

CoolingWall/Window Unit(s)
HeatingHot Water, Natural Gas

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesOn Street

Utilities

UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
SewerPublic Sewer

Taxes

Tax Year2024
Tax Assessed Value415800
Tax Annual Amount19553

Area Information

StateNY
CountyQueens
CityRidgewood
Zip Code11385
Listing VS Median (in 11385)
Price:
$1,199,000
low | high
Med:
$1,100,000
58.256880733945% of Average
sqft:
5,600
low | high
Med:
3,300
91.071428571429% of Average
$ / sqft:
$214
low | high
Med:
$333
5.685293299972% of Average
On site:
4
low | high
Med:
105
3.809523809524% of Average
Sourced by Back At You

Market Activity 11385

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Learn More About This Property

Jeffrey Farnell

Jeffrey Farnell

John J Lease REALTORS

GRI (914) 850-1257jeffreygfarnell@yahoo.com
StateNY
CountyQueens
CityRidgewood
Zip Code11385
Listing VS Median (in 11385)
Price:
$1,199,000
low | high
Med:
$1,100,000
58.256880733945% of Average
sqft:
5,600
low | high
Med:
3,300
91.071428571429% of Average
$ / sqft:
$214
low | high
Med:
$333
5.685293299972% of Average
On site:
4
low | high
Med:
105
3.809523809524% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $899K - $1.498M
sqft: 4,000 - 7,000
Nearby Listings Property ImageNearby Listings Details
1856 Madison Street Property Photo 1
$1,880,000
1856 Madison Street
Ridgewood, NY 11385
862 Woodward Avenue Property Photo 1
$1,349,000
862 Woodward Avenue
Ridgewood, NY 11385
Listing Updated: August 21, 2026 at 2:32:07 AM PDT

Jeffrey Farnell - Smitchger Realty