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$ 3,200,000
Est. payment /mo
New
1670 Putnam AVE Ridgewood, NY 11385
2,748 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 868206
Rental Info No
Year Built 1931
Annual Tax Amount $20,533
Lot Size 2,748 Sqft
Acres 0.0631
Property Sub-Type Mixed Use
Source onekey2
Property 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 destinations—including Julia's, Rolo's, Topos Bookstore Café, and TV Eye—this 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 rent
Dentist Office $3,700 3% increase lease expires January 1, 2026, 10 year lease
Apt 2L $2,400, 3 bedroom, 1 bath, railroad, no lease
Apt 2R $2,200, 3 bedroom, 1 bath railroad, no lease
Apt 3L $2,400, 3 bedroom, 1 bath, railroad, no lease
Apt 3R $2,200, 3 bedroom, 1 bath, railroad, no lease
Estimated Expenses:
Fuel: $8,496.
Water & Sewer: $2,593
Insurance: $3,600
Common Area Electric: $2,458 (includes Doctors Office)
Boiler Inspection: $400
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 destinations—including Julia's, Rolo's, Topos Bookstore Café, and TV Eye—this 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 rent
Dentist Office $3,700 3% increase lease expires January 1, 2026, 10 year lease
Apt 2L $2,400, 3 bedroom, 1 bath, railroad, no lease
Apt 2R $2,200, 3 bedroom, 1 bath railroad, no lease
Apt 3L $2,400, 3 bedroom, 1 bath, railroad, no lease
Apt 3R $2,200, 3 bedroom, 1 bath, railroad, no lease
Estimated Expenses:
Fuel: $8,496.
Water & Sewer: $2,593
Insurance: $3,600
Common Area Electric: $2,458 (includes Doctors Office)
Boiler Inspection: $400
Location
State NY
County Queens
Rooms
Basement Bilco Door(s), Full, Storage Space, Unfinished
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Available, Natural Gas Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Crifasi Real Estate Inc