18-14/16 Putnam Ave, Ridgewood, NY 11385
- $2,800,000
- List Price
- $2,800,000
- Price Change
- ▼ $180,000 1777017643
- Days on Market
- 492
- MLS#
- 859344
- Status
- ACTIVE
- Property Type
- Retail
- Year Built
- 1931
- Property Tax
- $35,082
Property Description
Excellent investment opportunity in the heart of Ridgewood! 18-14/16 Putnam Avenue is a fully leased commercial property situated on a 50' x 100' lot with a 50' x 100' building footprint. Zoned R6B/C1-4. The property is occupied by an established laundromat tenant under a long-term lease from January 1, 2020 through December 31, 2034. Current monthly rent is $8,819.24 with 3% annual increases. Tenant is responsible for electric, gas and water. OWNER FINANCING AVAILABLE: Owner may finance up to 50% of the purchase price for 10 years at 6% interest, offering an attractive financing opportunity for qualified buyers. Excellent opportunity for investors seeking stable rental income, contractual annual rent growth and long-term tenancy in a desirable Ridgewood location. Conveniently located near neighborhood businesses, residential communities, shopping and transportation. All information is deemed reliable but should be independently verified by purchaser.
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Additional Information
- Stories
- 1
- Heating
- Forced Air
- Cooling
- Central Air
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Listing Agent: Raymond C. Wong (raymond.goldencoast@gmail.com) from Listing Office: Apple Realty Group Corp.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.