5924 Putnam Ave Ridgewood, NY 11385
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 827514
Rental Info No
Year Built 1931
Annual Tax Amount $32,681
Property Sub-Type Multi Family
Source onekey2
Property Description
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
Others
Special Listing Condition Real Estate Owned
Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.
Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.
If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.