5924 Putnam, Ridgewood, NY

$2,050,000

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13

Beds

11

Baths

5,300

Square feet

About 5924 Putnam

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!

Features of 5924 Putnam

MLS® # 824502
Price $2,050,000
Bedrooms 13
Bathrooms 11.00
Full Baths 11
Square Footage 5,300
Acres 0.00
Taxes $32,681
Year Built 1931
Type Residential
Sub-Type Single Family Residence
Style Other
Status Active

Community Information

Address 5924 Putnam
City Ridgewood
County Queens
State NY
Zip Code 11385
Adult 55+ Community No

Amenities

Utilities Electricity Connected
# of Garages 8
Is Waterfront No
Has Pool No

Interior

Interior Features Other
Appliances Gas Range, Refrigerator
Heating Natural Gas, Other
Cooling None
Has Basement Yes
Basement Full
Fireplace No

Exterior

Exterior Brick

School Information

District Queens24
Elementary Ps 88 Seneca
Middle Is 93 Ridgewood
High Maspeth High School

Additional Information

Date Listed February 22nd, 2025
Days on Market 234
Short Sale No
RE / Bank Owned Yes

Listing Details

OfficeKeller Williams Landmark II
Contact Info347-846-1200

Listing Map

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