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5924 Putnam, Ridgewood NY 11385
5924 Putnam, Ridgewood NY 11385
New York>Queens>Ridgewood

5924 PutnamRidgewood, NY 11385

For Sale

$2,050,000

Smart Buyer Rebate $25,625

Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood)

High-Income Investment Opportunity in Ridgewood
Strong Income Potential
This well-maintained 11-unit building generates a gross annual income of $184,000, with a net operating income (NOI) of $135,000, ensuring solid returns for investors.

A consistently occupied property with a reliable rent roll, offering low vacancy rates and steady cash flow.

Prime Ridgewood Location!
Located in a highly sought-after neighborhood, this property provides easy access to public transit, shopping, dining, and community amenities, enhancing its long-term desirability.

Financial Overview:
Annual Expenses: $49,000 (including utilities, taxes, insurance, and maintenance).
Competitive Cap Rate: A strong return based on market value, making it an excellent long-term investment.
Turn-Key Investment with Upside Potential
This property is a perfect addition to any real estate portfolio, offering consistent cash flow, minimal vacancies, and future appreciation potential. Whether you're an experienced investor or looking to acquire a high-performing asset, this opportunity is not to be missed!

?? Call today to schedule a viewing or request more details!

Listed by Lotfi Chortani

·

Keller Williams Landmark II

·

347-846-1200

Last updated September 03, 2025

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Source: OneKey #824502

Listing Facts

  • TypeSingle-family
  • NeighborhoodRidgewood
  • Bedrooms13
  • Bathrooms11
  • Days on Prevu197
  • Taxes$32,681/year
  • Size5,300 sqft
  • Price per sqft$387

Location

Mortgage Calculator

Listing History

06/20/2025
Status changed to Active
$2,050,000
05/29/2025
Status changed to Temporarily Off Market
$2,050,000
05/29/2025
Price Decreased
$2,050,000
03/13/2025
Status changed to Removed from Feed
$2,100,000
02/24/2025
Status changed to Temporarily Off Market
$2,100,000
02/22/2025
Listed by Keller Williams Landmark II
$2,100,000

Estimated Closing Costs

Total
$75,920
Attorney Fees
$4,000
NYC Mansion Tax
$25,625
Title Insurance
$9,225
Bank Attorney
$1,500
Mortgage Recording Tax
$31,570
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $2,050,000 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 5924 Putnam

Exterior

Construction

  • Property Attached: Yes
  • Structure Type: Townhouse
  • Year Built: 1931
  • Architectural Style: Other
  • Construction Materials: Brick

Measurements

  • Building Area Total: 5,548
  • Building Area Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $32,681.00
  • Tax Year: 3268

Interior

Features

  • Appliances: Gas Range, Refrigerator
  • Interior Features: Other

Measurements

  • Living Area: 5,300
  • Living Area Source: Public Records

Rooms

  • Basement: Full
  • Has Basement: Yes
  • Bathrooms Full: 11
  • Bathrooms Total Integer: 11
  • Bedrooms Total: 13
  • Rooms Total: 24

Parking

Parking

  • Garage Spaces: 8
  • Garage: Yes

Schools

Elementary School

  • Elementary School: Ps 88 Seneca
  • Elementary School District: Queens 24

High School

  • High School: Maspeth High School
  • High School District: Queens24

Middle or Junior School

  • Middle Or Junior School: Is 93 Ridgewood
  • Middle Or Junior School District: Queens24

Utilities

Equipment

  • Heating: Natural Gas, Other
  • Sewer: Public Sewer
  • Utilities: Electricity 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.