1718 Putnam Avenue & 2017 Palmetto Street

For Sale - Queens - Ridgewood

$3,750,000

Net Operating Income: $214,115

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Key Details

Property Type
MultiFamily
Neighborhood
Ridgewood
Property Dimensions
27.5 x 100.0
Property Area
11,200 sq.ft.
Total Units:
12
Stories:
3
NOI
$214,115
Price
$3,750,000
Price Per Unit
$312,500
Cap Rate
5.7%

Listing Description

1718 Putnam Avenue and 2017 Palmetto Street are two 6-unit walkup apartment buildings located in Ridgewood, Queens. The properties contain a combined 12 apartments across 11,200 square feet, and are located in immediate proximity to both the [L] and [M] subway train.

Property Details

Block/Lot:
3486, 3461/61, 13
Lot Dimensions
27.42 x 100.0
Lot Area
2,742 sq.ft
Zoning:
R6B
FAR as Built:
2.04
Max FAR:
2.0
Rich VelottaRaven Property Advisors
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
1708 PALMETTO STREET$1,050,00007/23/2018MultiFamily
1896 DEKALB AVENUE$1,025,00007/03/2018MultiFamily
1729 MENAHAN STREET$1,450,00006/27/2018MultiFamily
1923 CORNELIA STREET$1,700,00006/26/2018MultiFamily
1626 CORNELIA STREET$1,400,00006/19/2018MultiFamily
18-23 STEPHEN STREET$1,375,00006/19/2018MultiFamily
20-28 MENAHAN STREET$995,00006/04/2018MultiFamily
53-48 METROPOLITAN AVE$1,130,00005/30/2018MultiFamily
508 ONDERDONK AVENUE$600,00005/24/2018MultiFamily
18-18 HARMAN ST$1,765,00005/24/2018MultiFamily