View of property with cooling unit | Image 1

$3,200,000

1670 Putnam Ave, Ridgewood, NY

Name: 1670 Putnam Ave, For Sale in Ridgewood - eXp Commercial Brokerage
Brand: Crifasi Real Estate Inc
SKU: 868206
Price: 3200000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $20,533

Days Active 22

Approx. Age 1931

MLS® Number 868206

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Located just two blocks from the Myrtle–Wyckoff L/M subway station, a major neighborhood hub, the location offers strong visibility and connectivity within one of Queens’ most dynamic retail and residential corridors. One of the commercial spaces may have exclusive access to the backyard and basement, making it especially attractive for businesses or professionals seeking privacy and flexibility. This setup is ideal for an end user looking to occupy a space while collecting additional income, or for an investor seeking stable returns with upside potential. The residential units are currently rented below market, offering a clear path to increased income over time. Zoned C4-3A, the property has 2, 668 square feet of unused FAR, presenting a potential opportunity to add up to two additional floors, subject to approvals. Importantly, the property is not within the Ridgewood Historic District, so there are no facade restrictions, allowing for greater design and development flexibility. Surrounded by some of Ridgewood’s most loved destinations—including Julia’s, Rolo’s, Topos Bookstore Café, and TV Eye—this location benefits from a strong, growing local culture and steady demand. Whether you're looking for a long-term hold with development potential or a space to both operate and invest, this building checks all the boxes. Doctor Office: $3, 700 projected rent Dentist Office $3, 700 3% increase lease expires January 1, 2026, 10 year lease Apt 2L $2, 400, 3 bedroom, 1 bath, railroad, no lease Apt 2R $2, 200, 3 bedroom, 1 bath railroad, no lease Apt 3L $2, 400, 3 bedroom, 1 bath, railroad, no lease Apt 3R $2, 200, 3 bedroom, 1 bath, railroad, no lease Estimated Expenses: Fuel: $8, 496. Water & Sewer: $2, 593 Insurance: $3, 600 Common Area Electric: $2, 458 (includes Doctors Office) Boiler Inspection: $400Show Description

MLS® Number868206

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1931

Stories3

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatNatural Gas

A/CWall/Window Unit(s)

Heating Fuel

Extras

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