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Renovated 6-Unit Multifamily 18-21 Putnam Ave

6 Unit Block of Flats £1,686,481 (£281,080/Unit) 6.11% Net Initial Yield Ridgewood, NY 11385

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Executive Summary

Investment Property Realty Group (IPRG) has been exclusively retained to sell 18-21 Putnam Avenue. The subject property is located between Seneca Avenue and Onderdonk Avenue in Ridgewood, Queens.
The property offers 6 apartments. Two of the units are rent stabilized and four are free market. The property is built 27.25 ft x 68 ft, offering approximately 5,600 square feet. 18-21 Putnam Avenue sits on a 27.17 ft x 100.92 ft.
The property is located within walking distance to the M & L subway lines.

18-21 Putnam Avenue OM (Ridgewood NY)

Property Facts

Price	£1,686,481	Property Subtype	Apartment
Price Per Unit	£281,080	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Net Initial Yield	6.11%	Building Size	5,600 SF
Gross Rent Multiplier	11.23	Number of Floors	3
No. Units	6	Year Built/Renovated	1913/2017
Property Type	Residential

Price	£1,686,481
Price Per Unit	£281,080
Sale Type	Investment
Net Initial Yield	6.11%
Gross Rent Multiplier	11.23
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Building Class	C
Lot Size	0.06 AC
Building Size	5,600 SF
Number of Floors	3
Year Built/Renovated	1913/2017

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
3+1.5	4	-	-
3+2	1	-	-
4+2	1	-	-

1 of 1

Walk Score ®

Walker's Paradise (97)

Transit Score ®

Rider's Paradise (98)

Bike Score ®

Very Bikeable (76)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	03462-0041	Improvements Assessment	£117,271
Land Assessment	£2,142	Total Assessment	£119,413

PROPERTY TAXES

Parcel Number

03462-0041

Land Assessment

£2,142

Improvements Assessment

£117,271

Total Assessment

£119,413

zoning

Zoning Code	R6B (Located in the Ridgewood neighborhood of Queens and just a short walk to the subway station at Seneca Avenue & Wyckoff Avenue.)
R6B (Located in the Ridgewood neighborhood of Queens and just a short walk to the subway station at Seneca Avenue & Wyckoff Avenue.)