Multi Family
1881 Putnam Avenue
Active · Queens, NY 11385
Asking price$1,199,000Request a Showing
- Year built
- 1930
- Est. monthly taxes
- $1,629.42
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About this home
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%
Listing snapshot
- Days on site
- 59 days
- Listed on MLS
- Aug 20, 2026
- Annual property tax (MLS)
- $19,553
- Tax year
- 2024
- Listing brokerage
- Billion Homes Realty Corp
- MLS ID
- KEY1041101
- Last updated
- Aug 21, 2026
General features
- Property type
- Multi Family
- Year built
- 1930
- Parking
- On Street
- Water source
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Interior features
- Basement
- Full
- Heating
- Hot Water, Natural Gas
- Cooling
- Wall/Window Unit(s)
Exterior features
- Construction materials
- Brick
Schools (MLS)
- Elementary school district
- Queens 24
- Middle school district
- Queens24
- High school district
- Queens24
School information is provided by the MLS. Confirm attendance eligibility with the school district.
Recent activity
- First seen on this site
- Listing updated from MLS
- MLS status changed
Location
Listing data is supplied by the MLS and may change without notice.