Ridgewood Mixed-Use Investment
6728 Forest Ave Ridgewood, NY 11385
6728 Forest Ave, Ridgewood, NY, 11385
$1,250,000
For Sale
$1,250,000
MULTI_FAMILY - Ridgewood, NY
Property Size2,100 SF
Lot Size0.05 Acres
Price / SF$595.24
Days on Market73
Property Features for 6728 Forest Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 4
- Interior features
- First Floor Bedroom, First Floor Full Bath, High Ceilings
- Basement
- Finished
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5205
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 1
- Building materials
- Brick, Frame
Listing Agency
Winzone Realty Inc
(718) 899-7000
8115 Queens Blvd Ste 2A, ELMHURST, NY
Listed by
Jenny A. Aguero Rios
(347) 603-3490
Added: May 6 Checked: Jul 17 at 8:06 pm
MLS# 995709
Listing URL
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.
This mixed-use property is located in Ridgewood. The semi-detached two-family duplex features approximately 2,100 sq ft of living space, with 11 rooms, 6 bedrooms, and 3 full bathrooms. It includes a finished basement and is situated on a 22.67 x 84.08 IRR lot. The first floor offers flexible mixed-use potential with residential and commercial use allowed under R5B/C1-4 zoning. It is suitable for a professional office, storefront, medical practice, studio, or investment opportunity. The second floor features a residential apartment. The building size is 18 x 52. Natural light fills every level. The property is located steps from the M & L trains, multiple bus lines including Q39, Q58, B13, B20, Q98, and Q55, plus shopping, restaurants, cafes, and places of worship.
Key Highlights
- Semi‑detached two‑family duplex with mixed‑use flexibility, including residential and commercial use allowed under R5B/C1‑4 zoning
- Approx. 2,100 sq ft living space with 11 rooms, 6 bedrooms, and 3 full bathrooms
- Finished basement and delivered vacant property
Local Financial Insights For Office B
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 | $105.8k | $50.40 |
| − Vacancy | −$13.7k | −$6.50 |
| EGI | $92.2k | $43.90 |
| − OpEx | −$23.0k | −$10.97 |
| NOI | $69.1k | $32.92 |
2,100 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$987.7K
$864.3K – $1.15M
NOI $69,140 @ 7.0% cap · market cap 5.53%
Second Best
Retail
$535.5K
$468.6K – $624.8K
NOI $37,485 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,370 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial potential in Ridgewood.
Where is this mixed-use property located?
The property is located at 6728 Forest Ave Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Semi‑detached two‑family duplex with mixed‑use flexibility, including residential and commercial use allowed under R5B/C1‑4 zoning; Approx. 2,100 sq ft living space with 11 rooms, 6 bedrooms, and 3 full bathrooms; Finished basement and delivered vacant property
