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$ 2,800,000
Est. payment /mo
Active
18-14/16 Putnam Ave Ridgewood, NY 11385
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 859344
Rental Info No
Year Built 1931
Annual Tax Amount $35,082
Property Sub-Type Retail
Source onekey2
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.
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.
Location
State NY
County Queens
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Apple Realty Group Corp • Raymond C. Wong