Brick Two-Family Brownstone with New
For Sale
$1,299,000
60-77 69th Avenue, Ridgewood, NY 11385
Two-family brick brownstone with two 2-bedroom units plus flexible third-room space, full basement, and gas heat.
Property Size3,444 SF
Price / SF$377.18
Days on Market81
Property Features for 60-77 69th Avenue
General Information
Standard status
Active
Size
3,444 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$54,000
Building Details
Building Size
3,444 SF
Year Built
1910
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Crifasi Real Estate Inc
(718) 930-0040
Listed By:
Joseph V. Crifasi
Source:
Cbwarburg
Added: May 12
Changed: Jul 30
Last Checked: Jul 30 at 8:17PM
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 Crifasi Real Estate Inc
Investment Insights
Based on property information with market context.
Brick two-family brownstone built in 1910, offering two apartments with separate eat-in kitchens and dining areas. The 1st floor unit has two bedrooms, one full bath, and access to a private rear deck leading to the backyard. The 2nd floor unit includes two bedrooms, one full bath, an additional room that can support a third bedroom, home office, or guest space, plus a rear balcony.
The property features a full basement and gas heat. A new roof was installed in 2026. Situated in the Central Ridgewood Historic District, the home is conveniently located near public transportation options including subway lines and local buses, with nearby shopping, restaurants, cafes, schools, and parks, and easy access to Brooklyn and Manhattan.
With two distinct living levels and outdoor space on both floors, this setup can support a range of occupancy plans, including keeping both units leased or combining owner-occupancy with rental income.
The property features a full basement and gas heat. A new roof was installed in 2026. Situated in the Central Ridgewood Historic District, the home is conveniently located near public transportation options including subway lines and local buses, with nearby shopping, restaurants, cafes, schools, and parks, and easy access to Brooklyn and Manhattan.
With two distinct living levels and outdoor space on both floors, this setup can support a range of occupancy plans, including keeping both units leased or combining owner-occupancy with rental income.
Key Highlights
- Brick two‑family brownstone built in 1910
- Two apartments with eat‑in kitchens and dining areas
- 1st‑floor unit includes 2 bedrooms, 1 full bath, and private rear deck
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 | $159.1k | $46.20 |
| − Vacancy | −$6.0k | −$1.76 |
| EGI | $153.1k | $44.44 |
| − OpEx | −$68.9k | −$20.00 |
| NOI | $84.2k | $24.44 |
3,444 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,187 @ 7.0% cap · market cap 6.48%
Second Best
Multifamily LT 5
$814.3K
$712.6K – $950.1K
NOI $57,004 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,727 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,621
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick brownstone with two 2-bedroom units plus flexible third-room space, full basement, and gas heat.
Where is this duplex located?
The property is located at 60-77 69th Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Brick two‑family brownstone built in 1910; Two apartments with eat‑in kitchens and dining areas; 1st‑floor unit includes 2 bedrooms, 1 full bath, and private rear deck
