5924 Putnam, Ridgewood, NY 11385

Local realty services provided by:Better Homes and Gardens Real Estate Green Team
5924 Putnam,Ridgewood, NY 11385
$2,050,000
  • 13 Beds
  • 11 Baths
  • 5,300 sq. ft.
  • Single family
  • Active
Listed by:lotfi chortani
Office:keller williams landmark ii
MLS#:824502
Source:OneKey MLS

Price summary

  • Price:$2,050,000
  • Price per sq. ft.:$369.5

About this home

Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood) 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. 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 Potential This property is a perfect addition to any real estate portfolio, offering consistent cash flow, minimal

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Home facts

  • Year built:1931
  • Listing ID #:824502
  • Added:213 day(s) ago
  • Updated:September 25, 2025 at 01:28 PM

Rooms and interior

  • Bedrooms:13
  • Total bathrooms:11
  • Full bathrooms:11
  • Living area:5,300 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1931
  • Building area:5,300 sq. ft.

Schools

  • High school:Maspeth High School
  • Middle school:Is 93 Ridgewood
  • Elementary school:Ps 88 Seneca

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,050,000
  • Price per sq. ft.:$369.5
  • Tax amount:$32,681 (3268)
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