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1881 Putnam Ave
Ridgewood, NY 11385

$1,499,000 USD

Apartments For Sale  •  5,600 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,600 SF
  • Lot Size 0.06 AC
  • Building Class B
  • Year Built 1930
  • Cap Rate 5.71 %
  • Zoning R6B
98 Transit Score
95 Walk Score

Highlights

Prime location surrounded by public transportation and retailers
1 unit free market, delivering vacant
total deliver 3 vacant

Property Flyers

Financial Summary (Actual)

Net Operating Income: $85,601 USD (2025)
Cap Rate: 5.71 %
Total Expenses: $38,803 USD

Amenities

  • 24 Hour Access
  • Heating
  • Kitchen
  • Refrigerator

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 8 min - 2.8 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 12 min - 4.0 mi
Transit/SubwayDriveWalkDistance
Forest Avenue (M - New York MTA Subway (The Subway)) 2 min 2 min 0.1 mi
Seneca Avenue (M - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Fresh Pond Road (M - New York MTA Subway (The Subway)) 3 min 10 min 0.5 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
Halsey Street (L Line) (L - New York MTA Subway (The Subway)) 3 min 14 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 17 min - 6.7 mi
John F Kennedy International 18 min - 10.4 mi
Newark Liberty International 35 min - 18.2 mi
Alice Xin Zhang 917-900-8066 Billion Homes Realty Corp
Alice Xin Zhang 917-900-8066 Billion Homes Realty Corp