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$2,050,000

For Sale

5,302 ft²

$386 per ft²

23 rooms

12 beds

11 baths

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Listing by Keller Williams Realty Landmark II, Limited Liability Broker, 75 35 31st Avenue, Jackson Heights, NY 11370

Common charges

Not applicable

Estimated payment

Arrow icon$10,501/mo

Legal disclaimerAll calculations are estimates provided by StreetEasy for informational purposes only. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.

Taxes

No info

Tax abatement

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About

Seller’s agent

/

Lotfi Chortani

Licensed Associate Real Estate Broker

Keller Williams Realty Landmark II

description

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.

Policies

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Home features

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Building amenities

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About the building

59-24 Putnam Avenue

59-24 Putnam Avenue, Ridgewood, NY 11385

Rental building in Ridgewood

11 units

3 stories

1931 built

Property history

  • Price Change: ↓ $50,000 (-2.4%) on 5/29/25
  • Days on market: 281 daysThis is the number of days the listing has been on StreetEasy.
DatePriceEvent

5/29/2025

$2,050,000

Price decreased by 2%

2/27/2025

$2,100,000

Listed by Keller Williams Realty Landmark II

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