Billion Homes Realty Corp
Listed by Billion Homes Realty Corp
$1,199,000
1881 Putnam Avenue
Details
APN 03471-0036
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
NOI $85,600
Year Built 1930
Acreage 0.063
Multifamily | 6 Units
Marketing description
Large 6-family building located in the heart of Ridgewood, just 1 minute walk to the M train station.
Unit configuration includes 1 free-market unit, 4 rent-stabilized units, and 1 rent-controlled unit, offering both stable cash flow and upside potential. Potential for partial vacancy.
Building size 27.5’ × 68’ with approximately 5,600 SF of living space, plus a full walk-out basement.
Excellent long-term investment with strong rental demand and value-add opportunities.
Listing Contacts
Billion Homes Realty Corp
Listed by Billion Homes Realty Corp
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,600.00
$7,133.33/mo
Valuation Metrics
0
DSCR
7.14%
Cap Rate
7.14%
ROI
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