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.
Active
$1,975,000
59-24 Putnam Ave, Ridgewood, NY 11385
12beds
5,300sqft
Rental Unit
Built in 1931
-- sqft lot
$1,939,100 Zestimate®
$373/sqft
$-- HOA
What's special
Five parking spaces
- 54 days
- 150
- 10
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
$1,939,100
$1.84M - $2.04M
$3,353/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for sale | $1,975,000$373/sqft |
Source: StreetEasy #S1842696 Report a problem | ||
Public tax history
Tax history is unavailable.







