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
·
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.
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.