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    1822 Putnam Ave Flushing, NY 11385

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    For Sale
    $1,390,000

    Six-unit brick building in Queens with immediate income potential.

    Lot size:
    0.06 Acres

    Property Features for 1822 Putnam Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1931

    Source: Exit Realty Professionals Agent Rui (Nancy) L Wu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ridgewood Multifamily Investment Opportunity

    This is a six-family solid brick building located in Ridgewood, Queens. Each unit features three bedrooms and one full bathroom. The building is well-kept and generates a 4.4% capitalization rate. The basement has both front and rear entrances, with an interior staircase leading to the spacious basement. The property is located minutes away from the business district on Myrtle Avenue. This property is an apartment building, a multifamily property, and a residential income property.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.904711
    Latitude
    40.701852

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    FAQs

    What type of property is this?
    Apartment building - Six-unit brick building in Queens with immediate income potential.
    Where is this apartment building located?
    The property is located at 1822 Putnam Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: - Six-family solid brick building; - Each unit has three bedrooms and one full bathroom; - Generates a 4.4% cap rate
    (718) 838-2600
    Request Owner's contact information
    1822 Putnam Ave Flushing, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1822 Putnam Ave Flushing, NY 11385
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