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5924 Putnam, 
Ridgewood, NY 11385

$2,050,000


13

Beds


11

Baths


5,300

Sq Ft


Townhouse

Active

Listed by

Lotfi Chortani

Keller Williams Landmark Ii

Last updated:

June 27, 2025, 10:45 AM

MLS#

824502

Source:

One Key MLS

About This Home

5924 Putnam

Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood) High-Income Investment Opportunity in Ridgewood Strong Income Potential This well-maintained 11-unit building generates a gross annual income of $184,000, with a net operating income (NOI) of $135,000, ensuring solid returns for investors. A consistently occupied property with a reliable rent roll, offering low vacancy rates and steady cash flow. Prime Ridgewood Location! Located in a highly sought-after neighborhood, this property provides easy access to public transit, shopping, dining, and community amenities, enhancing its long-term desirability. Financial Overview: Annual Expenses: $49,000 (including utilities, taxes, insurance, and maintenance). Competitive Cap Rate: A strong return based on market value, making it an excellent long-term investment. Turn-Key Investment with Upside Potential This property is a perfect addition to any real estate portfolio, offering consistent cash flow, minimal vacancies, and future appreciation potential. Whether you're an experienced investor or looking to acquire a high-performing asset, this opportunity is not to be missed! ?? Call today to schedule a viewing or request more details!

Home Facts

Townhouse

11 Baths

13 Bedrooms

Built in 1931

Price Summary

2,050,000

$386 per Sq. Ft.

MLS #:

824502

Last Updated:

June 27, 2025, 10:45 AM

Added:

4 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

13

Bathrooms

Total Bathrooms:

11

Full Bathrooms:

11

Interior

Living Area:

5,300 Sq. Ft.


Structure

Structure

Building Area:

5,548 Sq. Ft.

Year Built:

1931


Finances & Disclosures

Finances

Price:

$2,050,000

Price per Sq. Ft:

$386 per Sq. Ft.

Source:One Key MLS
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