5924 Putnam Ridgewood, NY 11385

$2,050,000
13
Beds
11
Baths
5,300
SQFT
387
$/SQFT
$2,050,000
13
Beds
11
Baths
5,300   sf
$387 / sf
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Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood)High-Income Investment Opportunity in RidgewoodStrong Income PotentialThis 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 PotentialThis 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!

Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood)High-Income Investment Opportunity in RidgewoodStrong Income PotentialThis 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 PotentialThis 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!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Queens
  • Tax Amount
    $32,681
  • Status
    Active
  • Listing #
    824502
  • Built
    1931
  • Listed on site
    38 days

Listed by:
Keller Williams Landmark II

Source:
MLSLI

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School Info

Property details

Community Features

  • No HOA

Exterior features

  • Has garage
  • No Pool
  • Basement

Interior Features

  • Heat Gas

Financing

  • Foreclosure
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Realtor
Photo of Ali Haider
Ali Haider