Brick Corner Quadplex with Three-Car
For Sale
$1,999,000
6046 Putnam Avenue, Ridgewood, NY 11385
Four-unit brick corner quadplex with a three-car garage, full basement, and on-site parking for tenant convenience.
Property Size4,000 SF
Price / SF$499.75
Days on Market375
Property Features for 6046 Putnam Avenue
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
3
Property subtype
Quadruplex
Units
Unit Mix
1 x studio, 1 x 1BR, 2 x 3BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Building Size
3,960 SF
Year Built
1930
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Crifasi Real Estate Inc
(718) 782-4411
Listed By:
Sal J. Crifasi · License #1027429
Source:
Serhant
Added: Jul 23, 2025
Changed: Jul 31
Last Checked: Jul 31 at 11:08AM
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 Crifasi Real Estate Inc
Investment Insights
Based on property information with market context.
Brick corner quadplex at 6046 Putnam Avenue, Ridgewood, NY 11385, built in 1930. The property is a well-maintained three-story structure with nearly 4,000 square feet of interior space plus a full basement. It includes a rare three-car garage, and the basement is full-height and unfinished.
The building is described as being just off Fresh Pond Road and moments from the Fresh Pond M train, supporting strong commuter rental demand. The property is also presented as part of the Ridgewood Landmark District.
The quadplex contains four total units: a ground-floor studio and 1BR, plus two upper-floor 3-bedroom apartments. The sale is described as including existing tenancies, giving an investor an income-producing asset with established unit mix and immediate scale.
The building is described as being just off Fresh Pond Road and moments from the Fresh Pond M train, supporting strong commuter rental demand. The property is also presented as part of the Ridgewood Landmark District.
The quadplex contains four total units: a ground-floor studio and 1BR, plus two upper-floor 3-bedroom apartments. The sale is described as including existing tenancies, giving an investor an income-producing asset with established unit mix and immediate scale.
Key Highlights
- Nearly 4,000 SF interior across three stories plus a full basement
- Four‑unit layout: ground‑floor studio and 1BR, plus two 3‑bedroom apartments
- Rare three‑car garage for additional on‑site convenience
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
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,524
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit brick corner quadplex with a three-car garage, full basement, and on-site parking for tenant convenience.
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: Nearly 4,000 SF interior across three stories plus a full basement; Four‑unit layout: ground‑floor studio and 1BR, plus two 3‑bedroom apartments; Rare three‑car garage for additional on‑site convenience
