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6-Unit Apartment Building

1881 Putnam Ave, Ridgewood, NY 11385

For Sale
$1,190,000

The property combines market-rate, rent-stabilized, and rent-controlled apartments with a full walk-out basement.

Property Size5,600 SF
Price / SF$212.50
Days on Market14

Property Features for 1881 Putnam Ave

General Information

Standard status Active
Size 5,600 SF
Property subtype Commercial

Additional Details

Public Transit Yes
Multifamily Units 6
Tenant in Place Yes

Building Details

Year Built 1930
Buildings 1
Listing Agency: Billion Homes Realty Corp
Listed By: Xin Zhang · License NY #10301223521
Source: Searchhomesinlongisland
Added: Nov 1 Changed: Nov 10 Last Checked: Nov 10 at 2:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Billion Homes Realty Corp

Rey
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Investment Insights

Based on property information with market context.

This six-family apartment building contains approximately 5,600 square feet of living space and a full walk-out basement. Its unit mix includes one free-market apartment, four rent-stabilized apartments, and one rent-controlled apartment. The building was constructed in 1930, and at least two units could be delivered vacant.

At 1881 Putnam Ave in Ridgewood, the property is a one-minute walk from the M train station.

Key Highlights

  • Six‑family building with approximately 5,600 SF of living space
  • Unit mix: 1 free‑market, 4 rent‑stabilized, and 1 rent‑controlled apartment
  • At least 2 units could be delivered vacant

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,971
Businesses Nearby

Demographics for 11385, NY

100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Ridgewood

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The property combines market-rate, rent-stabilized, and rent-controlled apartments with a full walk-out basement.
Where is this apartment building located?
The property is located at 1881 Putnam Ave Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Six‑family building with approximately 5,600 SF of living space; Unit mix: 1 free‑market, 4 rent‑stabilized, and 1 rent‑controlled apartment; At least 2 units could be delivered vacant
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