5924 Putnam
Ridgewood, NY 11385
Map
- 13 beds
- 11 baths
- 5,300 sqft
- $386 per sqft
- 1931 build
- – on site
Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood) High-Income Investment Opportunity in Ridgewood Strong Income Potential This well-maintained 11-unit building generates a gross annual income of $184,000, with a net operating income (NOI) of $135,000, ensuring solid returns for investors. A consistently occupied property with a reliable rent roll, offering low vacancy rates and steady cash flow. Prime Ridgewood Location! Located in a highly sought-after neighborhood, this property provides easy access to public transit, shopping, dining, and community amenities, enhancing its long-term desirability. Financial Overview: Annual Expenses: $49,000 (including utilities, taxes, insurance, and maintenance). Competitive Cap Rate: A strong return based on market value, making it an excellent long-term investment. Turn-Key Investment with Upside Potential This property is a perfect addition to any real estate portfolio, offering consistent cash flow, minimal vacancies, and future appreciation potential. Whether you're an experienced investor or looking to acquire a high-performing asset, this opportunity is not to be missed! ?? Call today to schedule a viewing or request more details!
Last checked:
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Checking…
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Last updated Jun 21, 2025
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MLS# 824502 —
The Building
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Year Built:1931
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Basement:true
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Architectural Style:Other
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Construction Materials:Brick
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Building Area Units:Square Feet
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Building Area Total:5548
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Attic:None
Interior
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Living Area:5300
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Total Rooms:24
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Interior Features:Other
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Living Area Source:Public Records
Financial & Terms
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Lease Considered:false
The Property
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Property Type:Residential
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Property Subtype:Townhouse
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Property Attached:true
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (718) 730-5870
- Office phone:
- (347) 846-1200
Taxes
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Tax Year:3268
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Tax Source:Municipality
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Tax Annual Amount:32681
Beds
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Total Bedrooms:13
Baths
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Full Baths:11
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Total Baths:11
The Listing
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Special Listing Conditions:Real Estate Owned
Heating & Cooling
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Heating:Natural Gas, Other
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Cooling:None
Utilities
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Sewer:Public Sewer
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Utilities:Electricity Connected
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Water Source:Public
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Electric Company:Con Edison
Appliances
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Appliances:Gas Range, Refrigerator
Schools
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High School:Contact Agent
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Elementary School:Ps 88 Seneca
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High School District:Queens24
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Middle School:Call Listing Agent
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Elementary School District:Queens 24
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Middle School District:Queens24
The Community
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Association:false
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Senior Community:false
Parking
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Garage:true
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Garage Spaces:8
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Carport:false
Monthly cost estimate
Asking price
$2,050,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$10,977
|
| Taxes | $2,723 |
| Insurance | $563 |
| Utilities | $518 See report |
| Total | $14,781/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/20/25
Jun 20, 2025
|
Price Changed | ONEKEY | $2,050,000 | -2.4% |
|
2/24/25
Feb 24, 2025
|
Listed / Active | ONEKEY | $2,100,000 |
