Classic Brick Two-Family
5917 Putnam Avenue Ridgewood, NY 11385
For Sale
$1,399,999
Pending
MULTI_FAMILY - Ridgewood, NY
Property Size2,200 SF
Lot Size0.04 Acres
Days on Market155
Property Features for 5917 Putnam Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
2
Rooms
Bedroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 5, Basement, Bedroom 4
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Walk-Out Access, Full, Unfinished
Standard status
Pending
APN
03501-0060
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7985
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Listing Agency:
Mitra Hakimi Realty Group LLC
(718) 268-5588
Listed By:
Etan Hakimi
(718) 268-5588
Added: Feb 23
Changed: Jul 17
Last Checked: Jul 28 at 9:06AM
MLS# 964322
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This classic brick two-family home offers a combination of space and investment potential. The property, with a building size of 20x55 and a total of 2,200 square feet, is suitable for an end-user looking to occupy one unit while renting out the other, or for an investor seeking a turnkey asset. The annual property taxes are approximately $7,985. The residence features expansive railroad-style layouts. The first-floor apartment is a 3-bedroom unit with a large living room and exclusive access to a private backyard. The second-floor apartment offers a larger 4-bedroom layout with a central living room. Both units have access to an open basement with high ceilings and separate street-level access, suitable for a home gym, workshop, or storage. Located in Ridgewood, the home is near neighborhood cafes, restaurants, and grocery stores. The M and L subway lines are nearby, along with local bus routes including the B38, Q39, and Q54, providing access to Manhattan, Brooklyn, and Queens. The lot size is 0.0432 acres.
Key Highlights
- Brick two‑family home with 2,200 total SF (20x55 building size), built in 1920
- First‑floor apartment includes 3 bedrooms, a large living room, and a private backyard
- Second‑floor apartment features 4 bedrooms with a central living room layout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.6k | $46.20 |
| − Vacancy | −$3.9k | −$1.76 |
| EGI | $97.8k | $44.44 |
| − OpEx | −$44.0k | −$20.00 |
| NOI | $53.8k | $24.44 |
2,200 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 3.84%
Second Best
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in Ridgewood with investment potential.
Where is this duplex located?
The property is located at 5917 Putnam Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Brick two‑family home with 2,200 total SF (20x55 building size), built in 1920; First‑floor apartment includes 3 bedrooms, a large living room, and a private backyard; Second‑floor apartment features 4 bedrooms with a central living room layout
