Property Description

Welcome to 60-50 Putnam Avenue, a rare opportunity to own a three-family property in the heart of Ridgewood, Queens. Built in 1915, this well-maintained triplex sits on a 20' x 96' lot and features a substantial 20' x 60' building footprint spanning three stories. The property offers three spacious residential units, including one 3-bedroom apartment and two 4-bedroom apartments, with each unit featuring its own full bathroom and can be delivered vacant.Whether you're an investor seeking strong rental potential or an end-user looking for a multi-generational living arrangement, the ability to take title with the property delivered fully vacant provides exceptional flexibility. Buyers can immediately lease the units at current market rents, renovate to their specifications, or occupy one or more apartments while generating rental income from the others.Adding to the property's appeal is a detached three-car garage, a highly sought-after amenity in Ridgewood that offers valuable parking, storage, or additional income potential. Annual property taxes are just $9,364.16, making this an attractive long-term investment opportunity.Ideally situated near neighborhood shops, restaurants, parks, schools, and public transportation, this property combines convenience, versatility, and income potential in one of Queens' most desirable and steadily appreciating neighborhoods. Don't miss this opportunity to acquire a vacant three-family property with private garage parking in a prime Ridgewood location.

Property Features

Local Schools