Ridgewood, NY 11385,5924 Putnam Ave
Ridgewood, NY 11385,5924 Putnam Ave
Ridgewood, NY 11385,5924 Putnam Ave
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Arif Baksh

Arif Baksh

Your Home Sold Guaranteed Realty

+1(914) 494-1549
$2,100,000
Est. payment /mo
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UPDATED:

02/27/2025 02:48 PM

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEY827514

Originating Board onekey2

Rental Info No

Year Built 1931

Annual Tax Amount $32,681

Property Sub-Type Multi Family

Property Description

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!

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Location

State NY

County Queens

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Fence Fenced

Utilities Available Electricity Connected, Natural Gas Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

School District Queens24

Others

Special Listing Condition Real Estate Owned


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Listed by Keller Williams Landmark II
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The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

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5924 Putnam Ave