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Ridgewood Six 1881 Putnam Ave 6 Unit Apartment Building $2,062,354 CAD ($343,726 CAD/Unit) 5.71% Cap Rate Ridgewood, NY 11385
Investment Highlights
- Prime location surrounded by public transportation and retailers
- total deliver 3 vacant
- 1 unit free market, delivering vacant
Executive Summary
Large 6-family building located in the heart of Ridgewood, just 1 minute walk to the M train station.
Unit configuration includes 1 free-market unit, 4 rent-stabilized units, and 1 rent-controlled unit, offering both stable cash flow and upside potential. Could deliver at least 2 units vacant.
Building size 27.5’ × 68’ with approximately 5,600 SF of living space, plus a full walk-out basement.
Excellent long-term investment with strong rental demand and value-add opportunities.
Please call or text 917-900-8066 for a faster response. Email inquiries via LoopNet may experience a delay.
Unit configuration includes 1 free-market unit, 4 rent-stabilized units, and 1 rent-controlled unit, offering both stable cash flow and upside potential. Could deliver at least 2 units vacant.
Building size 27.5’ × 68’ with approximately 5,600 SF of living space, plus a full walk-out basement.
Excellent long-term investment with strong rental demand and value-add opportunities.
Please call or text 917-900-8066 for a faster response. Email inquiries via LoopNet may experience a delay.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$171,158
|
$30.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$171,158
|
$30.56
|
| Taxes |
$26,901
|
$4.80
|
| Operating Expenses |
$26,485
|
$4.73
|
| Total Expenses |
$53,386
|
$9.53
|
| Net Operating Income |
$117,772
|
$21.03
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $171,158 |
| Annual Per SF | $30.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $171,158 |
| Annual Per SF | $30.56 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,901 |
| Annual Per SF | $4.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,485 |
| Annual Per SF | $4.73 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,386 |
| Annual Per SF | $9.53 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $117,772 |
| Annual Per SF | $21.03 |
Property Facts
| Price | $2,062,354 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $343,726 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.71% | Building Size | 5,600 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | R6B - Mixed use zoning | ||
| Price | $2,062,354 CAD |
| Price Per Unit | $343,726 CAD |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - Mixed use zoning |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03471-0036 | Total Assessment | $216,268 CAD |
| Land Assessment | $4,213 CAD | Annual Taxes | $26,901 CAD ($4.80 CAD/SF) |
| Improvements Assessment | $212,055 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
03471-0036
Land Assessment
$4,213 CAD
Improvements Assessment
$212,055 CAD
Total Assessment
$216,268 CAD
Annual Taxes
$26,901 CAD ($4.80 CAD/SF)
Tax Year
2025
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Presented by
Billion Homes Realty Corp
Ridgewood Six | 1881 Putnam Ave
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