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  • $1,975,000

    59-24 Putnam Ave, Ridgewood, NY 11385

    12beds
    5,300sqft
    Loading
    Rental Unit
    Built in 1931
    -- sqft lot
    $-- Zestimate®
    $373/sqft
    $-- HOA

    What's special

    Five parking spaces
    11-Unit Investment Property for Sale – Ridgewood, Queens Excellent opportunity to acquire a well-maintained, income-producing 11-unit building in a prime Ridgewood location. The property offers consistent occupancy, a strong rent roll, and steady cash flow, making it an attractive turn-key investment for experienced investors or those looking to expand their real estate portfolio. An added benefit is five parking spaces, providing additional value and convenience for the property. Conveniently located near public transportation, shopping, restaurants, and neighborhood amenities, the property benefits from Ridgewood's strong rental demand and long-term investment appeal. CAP Rate: 7.38% A strong income-producing asset offering stable occupancy, additional parking, and future upside potential.
    4 days
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    127
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    7
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    Zillow last checked:

    Listing updated:

    Listed by:

    Target Realty Group 718-730-5870,

    Lotfi Chortani

    Source: StreetEasy,MLS#: S1842696

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 11
      • Full bathrooms: 11
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 5,300
      • Total interior livable area: 5,300 sqft

      Property

      Details
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Rental Unit
      Condition
      • Year built: 1931

      Community & HOA

      Community
      • Subdivision: Ridgewood
      Location
      • Region: Ridgewood

      Financial & listing details

      • Price per square foot: $373/sqft
      • Annual tax amount: $33,864
      • Date on market: 8/18/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/18/2026Listed for sale$1,975,000$373/sqft
        Source: StreetEasy #S1842696 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Ridgewood

        Getting around

        93 / 100
        Walker's Paradise
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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