$3,200,000
( $572.86Per Sq Foot )
 $17,178 est/mo Sourced by Back At You

1670 Putnam Avenue,Ridgewood, NY 11385

Ridgewood, NY 11385

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Description

Located just two blocks from the Myrtle-Wyckoff L/M subway station, a major neighborhood hub, the location offers strong visibility and connectivity within one of Queens’ most dynamic retail and residential corridors. One of the commercial spaces may have exclusive access to the backyard and basement, making it especially attractive for businesses or professionals seeking privacy and flexibility. This setup is ideal for an end user looking to occupy a space while collecting additional income, or for an investor seeking stable returns with upside potential. The residential units are currently rented below market, offering a clear path to increased income over time. Zoned C4-3A, the property has 2,668 square feet of unused FAR, presenting a potential opportunity to add up to two additional floors, subject to approvals. Importantly, the property is not within the Ridgewood Historic District, so there are no facade restrictions, allowing for greater design and development flexibility. Surrounded by some of Ridgewood’s most loved destinationsincluding Julia’s, Rolo’s, Topos Bookstore Café, and TV Eyethis location benefits from a strong, growing local culture and steady demand. Whether you're looking for a long-term hold with development potential or a space to both operate and invest, this building checks all the boxes. Doctor Office: $3,700 projected rentDentist Office $3,700 3% increase lease expires January 1, 2026, 10 year leaseApt 2L $2,400, 3 bedroom, 1 bath, railroad, no leaseApt 2R $2,200, 3 bedroom, 1 bath railroad, no leaseApt 3L $2,400, 3 bedroom, 1 bath, railroad, no leaseApt 3R $2,200, 3 bedroom, 1 bath, railroad, no leaseEstimated Expenses:Fuel: $8,496.Water & Sewer: $2,593Insurance: $3,600Common Area Electric: $2,458 (includes Doctors Office)Boiler Inspection: $400

Details

MLS #868206
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1931
Days On Site489
Listing Provided ByCrifasi Real Estate Inc | Sal J. Crifasi

Features

SQ Feet5,586
BasementY
Story(s)3
Units6
Building(s)1
Acreage0.06

Interior

CoolingWall/Window Unit(s)
HeatingNatural Gas

Exterior

Construction MaterialsBrick

Utilities

UtilitiesCable Connected, Electricity Available, Natural Gas Connected
SewerPublic Sewer

Taxes

Tax Year2024
Tax Assessed Value429750
Tax Annual Amount20533.16
Tax Lot0049

Area Information

StateNY
CountyQueens
CityRidgewood
Zip Code11385
Sourced by Back At You

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Learn More About This Property

StateNY
CountyQueens
CityRidgewood
Zip Code11385
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.4M - $4M
sqft: 4,000 - 6,500
Nearby Listings Property ImageNearby Listings Details
283 Wyckoff Avenue Property Photo 1
$2,599,999
283 Wyckoff Avenue
Brooklyn, NY 11237
18-14/16 Putnam Ave Property Photo 1
$2,800,000
18-14/16 Putnam Ave
Ridgewood, NY 11385
Listing Updated: July 27, 2026 at 7:22:44 AM PDT
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