Vacant Brick
For Sale
Under Contract
$1,200,000
1840 NORMAN STREET, Ridgewood, NY 11385
Residential Income, Ridgewood, NY
Property Size2,128 SF
Lot Size0.05 Acres
Price / SF$563.91
Days on Market132
Property Features for 1840 NORMAN STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3
Interior features
Entrance Foyer, Master Downstairs
Fireplace
1
Subdivision
Flushing
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
Listed By:
Emma Barattini
(815) 252-4110
Added: May 29
Changed: Sep 15
Last Checked: Oct 7 at 11:06AM
MLS# 11797534
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 vacant two-family brick townhouse, built in 1910, offers approximately 2,128 square feet across two residential units. Original features include stained glass, woodwork, decorative trim, French doors, millwork, high ceilings, oversized windows, a fireplace mantel, and hardwood flooring. The property also includes a full basement with separate access and sits on a 20-foot by 100-foot lot.
Located on a tree-lined block in Ridgewood, the property is near Myrtle Avenue shopping, dining, and transportation, as well as Evergreen Park and Forest Avenue amenities. The M train is conveniently accessible. Approximately 908 square feet of additional buildable area potential is identified, with the building delivered vacant for restoration or renovation planning.
Located on a tree-lined block in Ridgewood, the property is near Myrtle Avenue shopping, dining, and transportation, as well as Evergreen Park and Forest Avenue amenities. The M train is conveniently accessible. Approximately 908 square feet of additional buildable area potential is identified, with the building delivered vacant for restoration or renovation planning.
Key Highlights
- Vacant two‑family brick townhouse with two residential units
- Approximately 2,128 SF building on a 20 FT x 100 FT lot
- Built in 1910 with original stained glass, woodwork, millwork, and decorative trim
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,018
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,360
$1.0M
Cap Rate 7%
$743,114
$743.1K
Cap Rate 9%
$577,978
$578.0K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$98.3K $46.20/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$94.6K $44.44/SF
− OpEx
−$42.6K −$20.00/SF
NOI
$52.0K $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%
$1,040,360
Cap Rate 7%
$743,114
Cap Rate 9%
$577,978
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 authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,084
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with a full basement, separate access, original architectural details, and renovation potential.
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: Vacant two‑family brick townhouse with two residential units; Approximately 2,128 SF building on a 20 FT x 100 FT lot; Built in 1910 with original stained glass, woodwork, millwork, and decorative trim
