Two-Family Brick
1840 NORMAN STREET Ridgewood, NY 11385
1840 NORMAN STREET, Ridgewood, NY, 11385
$1,200,000
For Sale
Under Contract
$1,200,000
MULTI_FAMILY - Ridgewood, NY
Property Size2,128 SF
Lot Size0.05 Acres
Price / SF$563.91
Days on Market50
Property Features for 1840 NORMAN STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3
- Interior features
- Entrance Foyer, Master Downstairs
- Fireplace
- 1
- Standard status
- Active Under Contract
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
Listing Agency
EVERGREEN REALTY & INVESTMENTS
(646) 838-1378
5825 Myrtle Avenue Office 2A, RIDGEWOOD, NY
Listed by
Emma Barattini
(646) 838-1378
Added: May 29 Checked: Jul 17 at 3:06 am
MLS# 11797534
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Delivered vacant two-family brick townhouse with original architectural details throughout, including a stained glass entry surround, decorative trim and period woodwork, and an interior fireplace mantel. The home features high ceilings, oversized windows, and multiple decorative French doors and millwork elements. A full basement includes separate access, supporting flexible use across the two residential units.
Set on a 20 ft x 100 ft lot with approximately 2,128 SF of building area. The property’s bay frontage and period cornice work are notable exterior features. It sits on a quiet, tree-lined Ridgewood block and is positioned near Myrtle Avenue shopping, dining, and transportation, with access to the M train. Nearby conveniences include Evergreen Park and Forest Avenue amenities.
This property is best suited for an owner-occupant or investor willing to restore and renovate, with a contractor-led approach to preserve and enhance the original character. With two residential units and additional potential buildable area of approximately 908 SF, it offers a straightforward framework for renovation planning. Bring your contractor to evaluate updates and realize the home’s full potential within the existing two-unit layout and separate-access basement.
Set on a 20 ft x 100 ft lot with approximately 2,128 SF of building area. The property’s bay frontage and period cornice work are notable exterior features. It sits on a quiet, tree-lined Ridgewood block and is positioned near Myrtle Avenue shopping, dining, and transportation, with access to the M train. Nearby conveniences include Evergreen Park and Forest Avenue amenities.
This property is best suited for an owner-occupant or investor willing to restore and renovate, with a contractor-led approach to preserve and enhance the original character. With two residential units and additional potential buildable area of approximately 908 SF, it offers a straightforward framework for renovation planning. Bring your contractor to evaluate updates and realize the home’s full potential within the existing two-unit layout and separate-access basement.
Key Highlights
- Delivered vacant two‑family brick townhouse built in 1910, with original architectural details throughout
- Approx. 2,128 SF building size on a 20 ft x 100 ft lot; solid brick construction
- Full basement with separate access, plus approx. 908 SF of additional buildable area
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.3k | $46.20 |
| − Vacancy | −$3.7k | −$1.76 |
| EGI | $94.6k | $44.44 |
| − OpEx | −$42.6k | −$20.00 |
| NOI | $52.0k | $24.44 |
2,128 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$743.1K
$650.2K – $867.0K
NOI $52,018 @ 7.0% cap · market cap 4.33%
Second Best
Multifamily LT 5
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,815 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant two-unit brick home with original period details and separate-access basement, ready for contractor-led restoration.
Where is this duplex located?
The property is located at 1840 NORMAN STREET Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Delivered vacant two‑family brick townhouse built in 1910, with original architectural details throughout; Approx. 2,128 SF building size on a 20 ft x 100 ft lot; solid brick construction; Full basement with separate access, plus approx. 908 SF of additional buildable area
