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$1,499,000
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Property Description
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. Potential for partial vacancy. 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.
Full Property Details
Full Property Details for 18-81 Putnam Ave
General
- Price: $1,499,000
- Taxes: $19,553
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 940424
- Updated: 1/10/2026
- Added to Site: 47 day(s) ago
Parking
- Parking Features: On Street
Location
- County: Queens
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Hot Water, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Stories/Levels: 3
- Stories in Building: 3
- Building Size: 5600
- Square Feet: 5,600
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.0629
- Lot Size (Sq. Ft.): 2,742
Financial Considerations
- Tax Amount: $19,553
Disclosures and Reports
- Special Conditions: None
- Property ID: 03471-0036
Listed by Billion Homes Realty Corp
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Schools
Schools serving 18-81 Putnam Ave
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 88 Seneca 60-85 Catalpa Ave, Queens, NY 11385 | PK-5 | 0.4 mi |
Joseph F Quinn Intermediate School 77 976 Seneca Ave, Queens, NY 11385 | 6-8 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 18-81 Putnam Ave
Date
Details
Price
Change
Source
12/02/2025
Listed
$1,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 18-81 Putnam Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,649
3%
$157,192
-55%
2024
$19,032
8%
$346,680
146%
2023
$17,628
10%
$140,998
-61%
2022
$16,019
8%
$361,350
12%
2021
$14,833
-2%
$323,100
-9%
2020
$15,082
3%
$354,600
5%
2019
$14,606
14%
$338,580
212%
2017
$12,776
—
$108,460
8%
2017
$12,776
7%
$100,449
8%
2016
$11,991
—
$93,015
—
2015
$11,983
13%
$93,013
3%
2014
$10,623
2%
$90,079
8%
2013
$10,380
—
$83,431
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 18-81 Putnam Ave
1881 Putnam Avenue, Ridgewood, NY 11385 (MLS# 940424) is a Commercial property. 1881 Putnam Avenue is currently listed for $1,499,000 and was received on December 02, 2025. Want to learn more about 1881 Putnam Avenue? Do you have questions about finding other Commercial real estate for sale in Ridgewood? You can browse all Ridgewood real estate or contact a Coldwell Banker agent to request more information.

