Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings
Property profile & analytics

1881 Putnam Ave Flushing, NY 11385-4331

  • Apartment buildings
  • 5,600 SF
  • 0.06 lot acres
OFF-MARKET
Value Estimations
$290,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-1796689
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Mysterious Sweet Creations / Mobile Caterer

Property Details for 1881 Putnam Ave

Year built
1930
Lot size
0.06 lot acres
Property size
5,600 SF
Zone code
R6B
Property type
Apartment buildings
APN
03471-0036
APU
34710036

Description

This exceptional six-family building, located at 1881 Putnam Avenue in the heart of Ridgewood, New York, presents a rare investment opportunity. Boasting a substantial 5,600 square feet of living space, this property is situated just one minute from the M train station, ensuring convenient access for residents. The building's dimensions measure 27.5 feet by 68 feet, and it includes a full walk-out basement, offering significant potential for expansion or additional rental units. Currently operating as a rent-stabilized building, this property offers immediate cash flow with the added benefit of annual rent registration with the DHCR. Investors will appreciate the significant upside potential, with options to convert to free-market rentals or even condominiums, thereby increasing rental income and property value. The building is in excellent condition, presenting a turnkey investment opportunity with minimal immediate capital expenditure needs. This prime location in Ridgewood, combined with the building's size and potential for future development, makes this a truly exceptional investment opportunity not to be missed. The property is priced at $1,588,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $280,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $299,000
    Market price range: $278k - $411k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Flushing
County
Queens
State
New York
Longitude
-73.9038
Latitude
40.7035
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$19,032
$8,100
$338,580
$346,680
-
$18,000
$752,400
$770,400
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message