Maria Castellana

1881 Putnam Avenue, Ridgewood, NY 11385

$1,199,000
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Maria Castellana
Call: (cell) (516) 652-5993 (cell)
Text: (516) 652-5993

BEDS0 BATHS MLS#1041101
STATUSActive PROPERTY TYPECommercial - SCHOOLQueens24
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Property Description

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%

1881 Putnam Avenue | MLS# 1041101

This commercial property located at 1881 Putnam Avenue, Ridgewood, NY 11385 is currently listed for sale with an asking price of $1,199,000. Putnam Avenue is located within the Queens24 school district. Search Ridgewood real estate on mariacastellana.laffey.com today.

Property Features

Property Type: Commercial -
Basement: Full
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Hot Water, Natural Gas
Lot Size: 0.06 Acres
Stories: 3.0
Taxes: $19,553
Year Built: 1930

Feature Descriptions

Building Area Total: 5600
Days on Site: 23
Exterior: Brick
On Market Date: 2026-08-20
Parcel Number: 03471-0036
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Water: Public

Local Schools

School District: Queens24

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Preferred Communication Method

Listed By / Shown By

Listing By

Agency Name: Billion Homes Realty Corp
Agency Phone: 718-516-5888

Shown By

Agent Name: Maria Castellana
Agent Phone: Cell (516) 652-5993 Cell
Agency Title: Laffey Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/12/2026. The listing information on this page last changed on 09/12/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 09/12/2026 11:12:30 AM EST) or OneKey MLS (last updated Sat 09/12/2026 11:03:26 AM EST). Real estate listings held by brokerage firms other than Laffey Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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