Mixed-Use Building with Retail and
6817 Forest Avenue Ridgewood, NY 11385
6817 Forest Avenue, Ridgewood, NY, 11385
$1,650,000
For Sale
Under Contract
$1,650,000
MULTI_FAMILY - Ridgewood, NY
Property Size3,360 SF
Lot Size0.05 Acres
Price / SF$491.07
Days on Market492
Property Features for 6817 Forest Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 3
- Standard status
- Active Under Contract
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1910
- Floors in Building
- 2
Listing Agency
EVERGREEN REALTY & INVESTMENTS
(646) 838-1378
5825 Myrtle Avenue Office 2A, RIDGEWOOD, NY
Listed by
Emma Barattini
(646) 838-1378
Added: Mar 13, 2025 Checked: Jul 17 at 2:06 am
MLS# 11450371
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.
This well-maintained mixed-use property includes two two-bedroom residential units and approximately 1,680 square feet of retail space. The building also features a finished basement and two garages, supporting both residential and commercial use. Retail space on the ground floor comes with exclusive backyard access and a commercial cooking gas line, which can be an important consideration for food service and other gas-dependent operations.
Located at 6817 Forest Avenue in Ridgewood, Queens, the property occupies a lot measuring 25.67' by 105.67' (about 0.0457 acres). The overall building size is listed as 3,360 square feet, configured to combine income-producing residential living with street-level retail.
For buyers seeking a combined residential and retail layout, this configuration provides multiple income streams within a single asset. The presence of two garages can support tenants and everyday operations, while the exclusive backyard access tied to the ground-floor commercial space adds practical utility. The listing notes an actual cap rate of 7.28% and a potential cap rate of 9.87% with projected vacant rent.
Located at 6817 Forest Avenue in Ridgewood, Queens, the property occupies a lot measuring 25.67' by 105.67' (about 0.0457 acres). The overall building size is listed as 3,360 square feet, configured to combine income-producing residential living with street-level retail.
For buyers seeking a combined residential and retail layout, this configuration provides multiple income streams within a single asset. The presence of two garages can support tenants and everyday operations, while the exclusive backyard access tied to the ground-floor commercial space adds practical utility. The listing notes an actual cap rate of 7.28% and a potential cap rate of 9.87% with projected vacant rent.
Key Highlights
- Mixed‑use 3,360 SF building on a 25.67' x 105.67' lot (built 1910) in Ridgewood
- Income setup includes 2 residential units, both 2‑bedroom (1,680 SF total retail space)
- Ground‑floor commercial space with exclusive backyard access and a commercial cooking gas line
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 | $155.2k | $46.20 |
| − Vacancy | −$5.9k | −$1.76 |
| EGI | $149.3k | $44.44 |
| − OpEx | −$67.2k | −$20.00 |
| NOI | $82.1k | $24.44 |
3,360 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,133 @ 7.0% cap · market cap 4.98%
Second Best
Retail
$856.8K
$749.7K – $999.6K
NOI $59,976 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,392 @ 7.0% cap · market cap 10.51%
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 - Well-maintained mixed-use building offering ground-floor retail with exclusive backyard access and two two-bedroom residential units.
Where is this duplex located?
The property is located at 6817 Forest Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Mixed‑use 3,360 SF building on a 25.67' x 105.67' lot (built 1910) in Ridgewood; Income setup includes 2 residential units, both 2‑bedroom (1,680 SF total retail space); Ground‑floor commercial space with exclusive backyard access and a commercial cooking gas line
