USANYRidgewood5924 Putnam Ave
Snow covered building with cooling unit | Image 1
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$2,050,000

5924 Putnam Ave, Ridgewood, NY

Townhouse

For Sale

$--,---,---
13110
  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential
Size 5300 sqft
Garage Yes
Taxes $32,681
Days Active 157
Lot Size 
Approx. Age 1931
Avg. Price Per Sqft $386
MLS® Number 824502

Property Address: 

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

Description

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!Show Description
MLS® Number824502
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1931
BasementFull
Driveway
Garage Spaces
HeatNatural Gas, Other
A/CNone
Heating Fuel

Extras

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