Four-Unit Corner Quadplex with
6046 Putnam Avenue, Ridgewood, NY 11385
For Sale
$1,879,000
Pending
Residential Income, Ridgewood, NY
Property Size4,000 SF
Lot Size0.05 Acres
Days on Market475
Property Features for 6046 Putnam Avenue
General Information
Property type
Property subtype
Bedrooms
Rooms
Interior features
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Crifasi Real Estate Inc
Listed By:
Sal J. Crifasi · License NY #10301205163
(718) 782-4411
Added: Jul 23, 2025
Changed: Nov 6
Last Checked: Nov 9 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
This four-unit quadplex occupies a corner site and provides nearly 4,000 square feet across three stories and a full basement. The residential arrangement includes a ground-floor studio, a ground-floor one-bedroom unit, and two three-bedroom apartments above. A three-car garage adds substantial on-site storage or parking capacity, while the unfinished basement provides additional space. The building dates to 1930 and is heated with natural gas; cooling is provided by wall and window units.
The property is at 6046 Putnam Avenue in Ridgewood, Queens, just off Fresh Pond Road and near the Fresh Pond M train. Existing tenancies are in place. Public water and public sewer serve the property, and natural gas is available. The lot measures 0.0497 acres, with nearby cafes and parks contributing to the surrounding residential setting.
The property is at 6046 Putnam Avenue in Ridgewood, Queens, just off Fresh Pond Road and near the Fresh Pond M train. Existing tenancies are in place. Public water and public sewer serve the property, and natural gas is available. The lot measures 0.0497 acres, with nearby cafes and parks contributing to the surrounding residential setting.
Key Highlights
- Four units: a ground‑floor studio, ground‑floor 1BR, and two 3‑bedroom apartments
- Nearly 4,000 square feet across three stories plus a full basement
- Three‑car garage included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,843
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,860
$2.0M
Cap Rate 7%
$1,412,043
$1.4M
Cap Rate 9%
$1,098,256
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$153.6K $38.40/SF
− Vacancy
−$12.4K −$3.10/SF
EGI
$141.2K $35.30/SF
− OpEx
−$42.4K −$10.59/SF
NOI
$98.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,860
Cap Rate 7%
$1,412,043
Cap Rate 9%
$1,098,256
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.24M – $1.65M
NOI $98,843 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,778 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,419 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,146
Businesses Nearby
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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
$842,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Queens County, NY
Properties on Market for Quadplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The multi-level layout includes a full basement and dedicated garage space.
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 $1,879,000.
What are key features of this property?
This property features: Four units: a ground‑floor studio, ground‑floor 1BR, and two 3‑bedroom apartments; Nearly 4,000 square feet across three stories plus a full basement; Three‑car garage included with the property
