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1881 Putnam Avenue

$1,199,000

Est. $7,735/mo

Ridgewood, NY 11385 · Queens

Status
Active
On site
28 days

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About this home

Large 6-family building located in the heart of Ridgewood, just 1 minute walk to the M train station. Unit configuration includes 1 free-market unit, 4 rent-stabilized units, and 1 rent-controlled unit, offering both stable cash flow and upside potential. Potential for partial vacancy. Building size 27.5’ × 68’ with approximately 5,600 SF of living space, plus a full walk-out basement. Excellent long-term investment with strong rental demand and value-add opportunities. Net Income 85,601/yr, Cap Rate 7.14%

Listed with Billion Homes Realty Corp · Xin Zhang · Source: OneKey MLS

One Key MLS

Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Sep 17, 2026, 6:08 PM ET. ©2026 One Key MLS.

Estimate Your Monthly Payment

Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.

$7,735.38Total / mo

Estimated Monthly Payment

Principal & interest
$5,905.96 (76.3%)
Taxes
$1,629.42 (21.1%)
Insurance
$200.00 (2.6%)

Representative rates

Representative rates only, indicative for comparison. Edit the interest rate for your own quote; your lender’s numbers vary with credit, points, and insurance.

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Market Insights

The market around Ridgewood, NY

Current Listings

New in the last 30 days

20

Sep 2026

Average Price

Active listings

$1,468,920

Sep 2026

Average Days on Market

Active listings

157 days

Sep 2026

Computed from 114 active OneKey MLS listings in Ridgewood, NY.

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