New Listing - 05/02/2025
1878 Putnam Avenue, New York, (Ridgewood), NY, 11385
0 beds
1930
Quadruplex
Exceptional Investment Opportunity in Prime Ridgewood – 1878 Putnam Avenue Discover the perfect blend of value, location, and potential with this well-maintained six-family brick building nestled on a quiet, tree-lined block in the heart of Ridgewood. 1878 Putnam Avenue offers a rare chance to own a rent-stabilized asset with immediate upside—two, possibly three units will be delivered vacant at closing, creating a unique opportunity for higher rental income or owner occupancy. This solid, income-producing property features a spacious basement with direct access to a private backyard, ideal for added storage or future development possibilities. With a mix of stabilized tenants and vacant units, this building is perfect for both seasoned investors and end-users looking to customize a portion of the space. Ideally situated near the M and L subway lines, this location offers easy access to Manhattan and Brooklyn, while being surrounded by Ridgewood’s vibrant selection of cafes, shops, schools, and essential amenities. Whether you're looking to expand your portfolio or secure a property with built-in value and growth potential, 1878 Putnam Avenue is a compelling opportunity in one of Queens’ most desirable neighborhoods.
Status:
Active
Town:
New York
Type:
Single-family residential
Units:
6
Heating:
Hot Water
Cooling:
Central Air
Basement:
Full, Partially Finished, See Remarks, Storage Space
Acreage:
0.06
Est. Taxes:
$19,564
Assessment
$423,000
Construction
Brick
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, See Remarks, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
Days on Market:
1
MLS #:
857095
Community Info
School Info
Walk Score
Mass Transit
Yelp
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New or Coming Soon Properties
Listing courtesy of Alexiou Realty 718-204-0101