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1693 Putnam Avenue

Ridgewood, NY 11385
  • $4,398,000
  • STATUS: Active
  • ON SITE: 77 Days
  • MLS #: 915173
UPDATED: 40 min ago
$4,398,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1916
County:
Area:

School Ratings & Info

Description

Rare Corner Mixed-Use: 4 Stores + 4 Residential Units, High Return Three stories + basement, approx. 6,160 sq.ft. Ground floor: 4 retail storefronts Second/Third floor: 4 newly renovated apartments (3BR/2BA, ~1,000 sq.ft. each, bright, brand-new appliances & wiring) Rental income $30,350/month, net ROI ~6.5%, fully occupied with stable tenants Separate meters/boilers, tenants pay heat & gas Corner of Cypress Ave & Putnam Ave, 6-min walk to L/M subway Surrounded by shops, restaurants, parks & daily amenities Zoning C4-3A mixed-use

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© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2025-12-06T15:19:19.307.
www.selectyournexthome.com/homes/168096441
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1693 Putnam Avenue Ridgewood, NY 11385

  • Price: $4,398,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 40 min ago
  • MLS #: 915173
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1916
Built
Neighborhood:
New York
County:
Queens
Area:
New York
Property Description
Rare Corner Mixed-Use: 4 Stores + 4 Residential Units, High Return Three stories + basement, approx. 6,160 sq.ft. Ground floor: 4 retail storefronts Second/Third floor: 4 newly renovated apartments (3BR/2BA, ~1,000 sq.ft. each, bright, brand-new appliances & wiring) Rental income $30,350/month, net ROI ~6.5%, fully occupied with stable tenants Separate meters/boilers, tenants pay heat & gas Corner of Cypress Ave & Putnam Ave, 6-min walk to L/M subway Surrounded by shops, restaurants, parks & daily amenities Zoning C4-3A mixed-use
Exterior Features

Construction Materials Brick Foundation Details Brick/Mortar Lot Features Corner Lot Property Attached YN Yes Stories Total 3 Waterfront YN No

Interior Features

Basement Details Finished Basement YN Yes Cooling Wall/Window Unit(s) Elevator YN No Flooring Hardwood

Property Features

Building Area Total 6160 Business Type Barber/BeautyFood & BeverageRestaurant Electric Company Con-Edison Gross Income 364200 Heating BaseboardNatural Gas Lot Size Area 2206 Net Operating Income 295800 Number Of Residential Units 4 Operating Expense 68400 Property Condition Updated/Remodeled Property Sub Type Mixed Use Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 46288 Utilities Cable AvailableElectricity AvailableNatural Gas Available Water Source Public

Listing courtesy of Zhen Chen of E Realty International Corp: 718-886-8110
© 2025 OneKey MLS. All rights reserved.


© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2025-12-06T15:19:19.307.
 
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