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1878 Putnam AvenueRidgewood, NY 11385

For Sale

$1,799,000

Smart Buyer Rebate $22,488

A must see and incredible opportunity to purchase a building in Prime Ridgewood – 1878 Putnam Avenue 6 Family Building with 2 possibly 3 vacant Apartments
Delivered with 2 vacant apartments
Non-Railroad units

Discover the perfect blend of value, location, and potential with this well-maintained six-family brick building nestled on a quiet, tree-lined block in the heart of Ridgewood. 1878 Putnam Avenue offers a rare chance to own a rent-stabilized asset with immediate upside—two, possibly three units will be delivered vacant at closing, creating a unique opportunity for higher rental income or owner occupancy.

This solid, income-producing property features a spacious basement with direct access to a private backyard, ideal for added storage or future development possibilities. With a mix of stabilized tenants and vacant units, this building is perfect for both seasoned investors and end-users looking to customize a portion of the space.

Ideally situated near the M and L subway lines, this location offers easy access to Manhattan and Brooklyn, while being surrounded by Ridgewood’s vibrant selection of cafes, shops, schools, and essential amenities.
Whether you're looking to expand your portfolio or secure a property with built-in value and growth potential, 1878 Putnam Avenue is a compelling opportunity in one of Queens’ most desirable neighborhoods.

Listed by Gerlando E. Graci

·

Alexiou Realty

·

718-204-0101

Last updated August 06, 2025

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Source: OneKey #894081

Listing Facts

  • TypeMulti-family
  • NeighborhoodRidgewood
  • Bedrooms18
  • Bathrooms6
  • Days on Prevu42
  • Taxes$19,564.28/year

Amenities

  • Air Conditioning

Location

Mortgage Calculator

Listing History

08/05/2025
Price Decreased
$1,799,000
07/27/2025
Listed by Alexiou Realty
$1,999,998

Estimated Closing Costs

Total
$63,290
Attorney Fees
$4,000
NYC Mansion Tax
$17,990
Title Insurance
$8,096
Bank Attorney
$1,500
Mortgage Recording Tax
$27,704
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,799,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1878 Putnam Avenue

Exterior

Construction

  • Number Of Units Total: 6
  • Property Attached: Yes
  • Year Built: 1930
  • Construction Materials: Brick

Measurements

  • Building Area Total: 5,600
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.06
  • Lot Size Square Feet: 2,742

Financial

Taxes

  • Parcel Number: 03472-0026
  • Tax Annual Amount: $19,564.28
  • Tax Assessed Value: $423,000.00
  • Tax Year: 2024

Interior

Features

  • Flooring: Ceramic Tile
  • Interior Features: First Floor Bedroom, First Floor Full Bath, Natural Woodwork

Rooms

  • Basement: Full, Partially Finished, See Remarks, Storage Space
  • Has Basement: Yes
  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 18

Utilities

Equipment

  • Cooling: Central Air
  • Heating: Hot Water
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, See Remarks, Sewer Connected, Trash Collection Public, Underground Utilities, Water Connected
  • Water Source: Public

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.