Historic Two-Family Home in
59-29 69th Avenue Ridgewood, NY 11385
59-29 69th Avenue, Ridgewood, NY, 11385
$1,190,000
Pending
For Sale
$1,190,000
Pending
MULTI_FAMILY - Ridgewood, NY
Property Size3,420 SF
Lot Size0.05 Acres
Days on Market477
Property Features for 59-29 69th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 5, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1
- Patio and Porch features
- Patio, Deck
- Interior features
- First Floor Bedroom, First Floor Full Bath
- Basement
- Full, Finished, Walk-Out Access
- Standard status
- Pending
- APN
- 03506-0026
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7935
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1901
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick, Brownstone
Listing agency
Keller Williams Realty Greater
(516) 873-7100
Listed by
Rafael Ching · License #10401231105
(917) 727-1207
Added: Apr 2, 2025 Updated: Jul 17 at 9:20PM Checked: Jul 22 at 4:06PM
MLS# 843522
Copyright © 2026 OneKey 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.
Located in Ridgewood, this historic two-family home, built in 1901, offers 3,420 sq. ft. of space. Situated on a 2,017 sq. ft. lot, the property retains original architectural details, including tray ceilings and crown moldings, and benefits from abundant natural light. The lower unit features 2 bedrooms, 1 full bathroom, a chef's kitchen with wood cabinets, and a high-end gas range. Expansive living and dining areas connect to a private deck and spacious backyard. A full, finished basement with a separate entrance provides ample storage and potential for additional living space. The second unit includes 3 bedrooms and a full bathroom, mirroring the lower unit with high ceilings and bright, airy interiors. Recent updates include new windows, enhancing energy efficiency and natural light. The property is located close to dining, shops, and parks, with easy access to Fresh Pond Road and the M and L subway lines. This property is suitable for families or investors seeking a home with character and potential, offering flexibility for multi-generational living or as an investment property.
Key Highlights
- Historic 2‑family home built in 1901 with 3,420 sq. ft. across two units.
- Lower unit includes 2 bedrooms and 1 full bathroom, with a chef’s kitchen and gas range.
- Second unit features 3 bedrooms and 1 full bathroom with high ceilings and bright interiors.
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 | $158.0k | $46.20 |
| − Vacancy | −$6.0k | −$1.76 |
| EGI | $152.0k | $44.44 |
| − OpEx | −$68.4k | −$20.00 |
| NOI | $83.6k | $24.44 |
3,420 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.05M – $1.39M
NOI $83,600 @ 7.0% cap · market cap 7.03%
Second Best
Multifamily LT 5
$808.7K
$707.6K – $943.5K
NOI $56,607 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,488 @ 7.0% cap · market cap 14.83%
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 - Charming 3,420 sq. ft. two-family home in Ridgewood.
Where is this duplex located?
The property is located at 59-29 69th Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Historic 2‑family home built in 1901 with 3,420 sq. ft. across two units.; Lower unit includes 2 bedrooms and 1 full bathroom, with a chef’s kitchen and gas range.; Second unit features 3 bedrooms and 1 full bathroom with high ceilings and bright interiors.
