#817157, Listing office: Keller Williams Landmark II
Property details
About 5924 Putnam
Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood) High-Income Investment Opportunity in Ridgewood Strong Income Potential This 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 Potential This 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!
Highlights
Home typeTownhouse
HeatingNatural Gas, Other
StatusActive
Size5,300 sqft
BasementYes
Year built1931
MLS #824502
Garage8 spaces
Summary
- Full Bathrooms: 11
- Appliances: Gas Range, Refrigerator
- Basement: Yes
- Interior: Other
- Total Bedroom Count: 13
- Garage Space: 8 spaces
- Architectural Style: Other
- Heating: Natural Gas, Other
- Cooling: None
- List Price: $2,050,000
- Price/SqFt: $386
- Year Built: 1931
- Living Area: 5,300 SqFt
- MLS Number: 824502
- MLS Name: ONEKEY2
- Office Name: Keller Williams Landmark II
- Office Phone: (347) 846-1200
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Last updated on: 7/24/2025, 2:41:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
5
P.S. 88 Seneca School
Public District PK-5
0.3 mi
•6085 Catalpa Ave
5
P.S. 239 Queens
Public District KG-5
0.4 mi
•1715 Weirfield St
5
P.S. 71 Forest School
Public District PK-6
0.5 mi
•6285 Forest Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $55,810. Most Ridgewood, NY residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
34%
<35k
52%
35k-100k
14%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
14%
Single, with Kids
20%
Married, No Kids
26%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
8%
12-17 yrs old
29%
18-34 yrs old
39%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Popeyes
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5924 Putnam
The listing price of 5924 Putnam property is $2,050,000.
The property 5924 Putnam is a townhouse located in Ridgewood, New York, 11385.
Active Listing: 5924 Putnam is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5924 Putnam are: P.S. 88 Seneca School (GreatSchools Rating 5/10), P.S. 239 Queens (GreatSchools Rating 5/10), P.S. 71 Forest School (GreatSchools Rating 5/10), I.S. 93 Ridgewood (GreatSchools Rating 5/10), I.S. 77 School (GreatSchools Rating 2/10), Middle Village Preparatory Charter School (GreatSchools Rating 8/10), Grover Cleveland High School (GreatSchools Rating 3/10), Brooklyn School for Social Justice (The) (GreatSchools Rating 2/10), Academy for Excellence in Leadership (GreatSchools Rating 2/10).
The property at 5924 Putnam has 13 bedrooms and 11 bathrooms.
The property 5924 Putnam is 5,300 SqFt (source: MLS/tax record).
The year of construction for 5924 Putnam is 1931.
This home is located at 5924 Putnam in Ridgewood, NY and zip code 11385 in the Ridgewood neighborhood. This 5,300 square foot home was built in 1931. Features: 13 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since February 24, 2025 and is currently priced at $2,050,000.
In June 2025, from all listings sold in Ridgewood, NY there were more than 232 sold above asking price, over 715 sold below and more than 1007 were sold right at the asked price. Between May and June 2025, Ridgewood, NY real estate market has seen decrease in the number of listings by 4.3%. While the average time on the market in June 2025 was 99 days, the median list price was $881,252.
From Rocket Homes Real Estate and based on county public records data.