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6-family with one vacant apartment 1722 Putnam Ave 6 Unit Apartment Building $1,205,046 CAD ($200,841 CAD/Unit) 5.51% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Legal 6-family with one vacant apartment!
- Call LA Peter Nowik 347-927-6829
- Three blocks to Wyckoff Ave L-train station!
Executive Summary
I'm happy to offer this income-producing legal six-family brick house. Each of the six one-bedroom apartments (convertible to 3 bedrooms) has approximately 872 square feet. Excellent prime Ridgewood location! It is located at Putnam Ave and Cypress Ave, next to Myrle Ave Shopping District, just three blocks from the Wyckoff Ave L-train station.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,205,046 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $200,841 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.51% | Building Size | 5,600 SF |
| Gross Rent Multiplier | 10.35 | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | ||
| Zoning | R6B - Medium density residential district | ||
| Price | $1,205,046 CAD |
| Price Per Unit | $200,841 CAD |
| Sale Type | Investment |
| Cap Rate | 5.51% |
| Gross Rent Multiplier | 10.35 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - Medium density residential district |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 03461-0017 | Improvements Assessment | $211,541 CAD (2025) |
| Land Assessment | $3,048 CAD (2025) | Total Assessment | $214,589 CAD (2025) |
Property Taxes
Parcel Number
03461-0017
Land Assessment
$3,048 CAD (2025)
Improvements Assessment
$211,541 CAD (2025)
Total Assessment
$214,589 CAD (2025)
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6-family with one vacant apartment | 1722 Putnam Ave
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