$2,050,000
$50K PRICE DROP

5924 Putnam Ave Flushing, NY 11385

Ridgewood Neighborhood

Estimated payment $13,948/month

Total Views 18,963
13 Beds
11 Baths
5,300 Sq Ft
$387 Price per Sq Ft

About This Home

Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood)High-Income Investment Opportunity in RidgewoodStrong Income PotentialThis 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 PotentialThis 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!

Listing Agent

Lotfi Chortani

Keller Williams Landmark II Brokerage Phone: 347-846-1200 License #10301220255 Listed on: 02/22/2025

Keller Williams Landmark II

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $32,681

Year Built

  • Built in 1931

Parking

  • 8 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,300 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 11 Full Bathrooms

Schools

  • Ps 88 Seneca Elementary School
  • Contact Agent High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$32,681

Year Built

Built in 1931

Lot Details

0

Parking

8

Listing Details

  • Property Type: Residential
  • Architectural Style: Other
  • Property SubType: Townhouse
  • Year Built: 1931
  • Attribution Contact: 347-846-1200
  • Carport Y N: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Gas Range, Refrigerator
  • Interior Amenities: Other
  • Full Bathrooms: 11
  • Basement: Full
  • Total Bedrooms: 13
  • Living Area: 5300
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 8
  • Garage: Yes

Utilities

  • Cooling: None
  • Heating: Natural Gas, Other
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Building Area Total: 5548
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 32681
  • Tax Year: 3268

MLS Schools

  • Elementary School: Ps 88 Seneca
  • High School: Contact Agent
  • Middle School District: Queens24

Map

Range of Values:

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ICE

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Price Changed $2,050,000 0.0% $387 / Sq Ft
06/20/2025 06/20/25 For Sale $2,050,000 -2.4% $387 / Sq Ft
02/24/2025 02/24/25 Off Market $2,100,000 -- --
02/24/2025 02/24/25 For Sale $2,100,000 -- $396 / Sq Ft
Source: OneKey® MLS

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Source: OneKey® MLS

MLS Number: 824502

OneKey® MLS

APN: 03502-0021

New York Queens County Flushing 11385 Ridgewood

5924 Putnam Ave, Flushing, NY

This home is located at 5924 Putnam Ave, Flushing, NY 11385 and is currently priced at $2,050,000, approximately $386 per square foot. This property was built in 1931. 5924 Putnam Ave is a home located in Queens County with nearby schools including P.S. 88 Seneca, Joseph F. Quinn Intermediate School 77, and Notre Dame Catholic Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

OneKey® MLS The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
IDX information is provided exclusively for 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 not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.

Nearby Homes
Lotfi Chortani
Listing Agent
Lotfi Chortani
Section Image
Keller Williams Landmark II
(347) 609-7851