Mixed-Use Building with
For Sale
$2,150,000
67-02 60th Street, Ridgewood, NY 11385
Three-story property combines commercial and residential space with private parking.
Property Size4,400 SF
Lot Size0.04 Acres
Price / SF$488.64
Days on Market42
Property Features for 67-02 60th Street
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
3
Lot size
0.04 Acres
Property subtype
MultiFamily Apartments
Zoning
R5B
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Building Size
4,400 SF
Buildings
1
Stories
3
Listing Agency:
Tri State Commercial Realty
Listed By:
Shlomi Bagdadi · License #10311204539
(718) 437-6100
Source:
Thebrokerlist
Added: Aug 26
Changed: Sep 2
Last Checked: Oct 5 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tri State Commercial Realty
Investment Insights
Based on property information with market context.
This three-story mixed-use building includes 1 commercial unit and 2 residential units, with 100% occupancy. The property sits on a 20 x 90 lot; the ground floor measures 20 x 90, while the upper floors measure 20 x 65. Additional features include ADA-compliant access, 3 private parking spots, and an opportunity for signage.
Located at 67-02 60th Street in Ridgewood, the building occupies the corner of 60th Street and 67th Avenue. The Forest Avenue subway station is nearby, with M train service and access to the B20, B13, Q39, Q14, Q98, and Q58 bus lines. The property is also in front of the Q58, B13, and B20 routes.
Located at 67-02 60th Street in Ridgewood, the building occupies the corner of 60th Street and 67th Avenue. The Forest Avenue subway station is nearby, with M train service and access to the B20, B13, Q39, Q14, Q98, and Q58 bus lines. The property is also in front of the Q58, B13, and B20 routes.
Key Highlights
- 100% occupancy across 1 commercial unit and 2 residential units
- 3‑story mixed‑use building with 20 x 90 lot dimensions
- Ground floor measures 20 x 90; upper floors measure 20 x 65
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,555
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,151,100
$2.2M
Cap Rate 7%
$1,536,500
$1.5M
Cap Rate 9%
$1,195,056
$1.2M
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$203.3K $46.20/SF
− Vacancy
−$7.7K −$1.76/SF
EGI
$195.6K $44.44/SF
− OpEx
−$88.0K −$20.00/SF
NOI
$107.6K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,151,100
Cap Rate 7%
$1,536,500
Cap Rate 9%
$1,195,056
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.34M – $1.79M
NOI $107,555 @ 7.0% cap · market cap 5.00%
Second Best
Mixed Use
$809.0K
$707.9K – $943.8K
NOI $56,628 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $227,061 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,766
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story property combines commercial and residential space with private parking.
Where is this mixed-use property located?
The property is located at 67-02 60th Street Ridgewood, NY.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 100% occupancy across 1 commercial unit and 2 residential units; 3‑story mixed‑use building with 20 x 90 lot dimensions; Ground floor measures 20 x 90; upper floors measure 20 x 65
