Ridgewood Multifamily with
6046 Putnam Avenue Ridgewood, NY 11385
For Sale
$1,999,000
MULTI_FAMILY - Ridgewood, NY
Property Size4,000 SF
Lot Size0.05 Acres
Price / SF$499.75
Days on Market373
Property Features for 6046 Putnam Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Rooms
Bedroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 2
Interior features
First Floor Bedroom
Basement
Full
Standard status
Active
APN
03511-0047
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
21834
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1930
Number of units
4
Building materials
Stone
Listing Agency:
Crifasi Real Estate Inc
(718) 782-4411
Listed By:
Sal J. Crifasi · License #1027429
(718) 782-4411
Added: Jul 23, 2025
Changed: Jul 17
Last Checked: Jul 30 at 3:06AM
MLS# 888227
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 well-maintained brick corner building offers immediate scale and established cash flow in the Ridgewood Landmark District. The property is situated just off Fresh Pond Road, moments from the Fresh Pond M train. The building features nearly 4,000 square feet of interior space across three stories plus a full basement. It includes a rare three-car garage. The property contains four units: a ground-floor studio and one-bedroom unit, plus two three-bedroom apartments on the upper floors. A full-height unfinished basement offers potential for storage or future creative conversion. The property is being sold with existing tenancies. It is located moments from cafes and parks in Ridgewood. The lot size is 0.0497 acres.
Key Highlights
- Four‑unit corner building built in 1930, with stone construction and a full basement
- Nearly 4,000 sq ft across three stories plus full basement, offering interior space and storage options
- Unit mix includes a ground‑floor studio and 1BR, plus two 3‑bedroom apartments on the upper floors
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 | $184.8k | $46.20 |
| − Vacancy | −$7.0k | −$1.76 |
| EGI | $177.8k | $44.44 |
| − OpEx | −$80.0k | −$20.00 |
| NOI | $97.8k | $24.44 |
4,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 4.89%
Second Best
Multifamily LT 5
$945.8K
$827.6K – $1.10M
NOI $66,206 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 10.33%
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?
Quadplex - Corner building near Fresh Pond Road with immediate cash flow.
Where is this quadplex located?
The property is located at 6046 Putnam Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Four‑unit corner building built in 1930, with stone construction and a full basement; Nearly 4,000 sq ft across three stories plus full basement, offering interior space and storage options; Unit mix includes a ground‑floor studio and 1BR, plus two 3‑bedroom apartments on the upper floors
