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1670 Putnam Ave

queens, NY 11385

US$3,200,000

    Interested? Let's Connect

    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

    Details

    5,586 Sq Ft

    2,750 Sq Ft Lot Size

    commercial

    US$20,533 Annual Tax

    Built in 1931

    MLS/Listing ID 868206

    6 Units

    Amenities & Features

    Heating - Natural Gas

    Cooling - Wall/window unit(s)

    Construction - Brick

    Accessible Approach with Ramp

    Accessible Stairway

    Accessible Common Area

    Estimate my mortgage

    TOTAL MONTHLY COST

    US$0

    • PRINCIPAL & INTEREST

      US$0

    • PROPERTY TAXES

      US$0

    • Common Charges

      US$0

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    Interested In 1670 Putnam Ave?