1878 Putnam Avenue, Ridgewood, NY, 11385
$1,799,000
Multi Family
For Sale
18 Beds
, 6 Full Bath
Details
ML#: 894081
- # of Families: 6
- Year Built: 1930
- Taxes: $19,564
- Status:Active
Description
A must see and incredible opportunity to purchase a building in Prime Ridgewood – 1878 Putnam Avenue 6 Family Building with 2 possibly 3 vacant ApartmentsDelivered with 2 vacant apartmentsNon-Railroad unitsDiscover the perfect blend of value, location, and potential with this well-maintained six-family brick building nestled on a quiet, tree-lined block in the heart of Ridgewood. 1878 Putnam Avenue offers a rare chance to own a rent-stabilized asset with immediate upside—two, possibly three units will be delivered vacant at closing, creating a unique opportunity for higher rental income or owner occupancy.This solid, income-producing property features a spacious basement with direct access to a private backyard, ideal for added storage or future development possibilities. With a mix of stabilized tenants and vacant units, this building is perfect for both seasoned investors and end-users looking to customize a portion of the space.Ideally situated near the M and L subway lines, this location offers easy access to Manhattan and Brooklyn, while being surrounded by Ridgewood’s vibrant selection of cafes, shops, schools, and essential amenities.Whether you’re looking to expand your portfolio or secure a property with built-in value and growth potential, 1878 Putnam Avenue is a compelling opportunity in one of Queens’ most desirable neighborhoods.
More Property Details
Bedroom: 18
Full Bath: 6
Lot Size: 0.0629
Lot Sq Ft: 2742
Heat: Hot Water
A/C: Central Air
Water: Public
Sewer: Public Sewer
Taxes: $19,564
Listing Information provided courtesy of
Alexiou Realty
718-204-0101