Mixed-Use Property with
New
For Sale
$1,799,000
60-98 69th Ave, Ridgewood, NY 11385
Residential Income, Ridgewood, NY
Property Size3,480 SF
Lot Size0.05 Acres
Price / SF$516.95
Days on Market1
Property Features for 60-98 69th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Interior features
Entrance Foyer
Subdivision
Ridgewood
High school district
24
Standard status
Active
Size
3,480 SF
Lot size
0.05 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
commercial, residential
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
5632
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1931
Floors in Building
3
Building materials
Brick
Listing Agency:
CRIFASI REAL ESTATE INC
Listed By:
Joseph V. Crifasi · License #30CR1126424
(718) 821-5999
Added: Nov 3
Last Checked: Nov 3 at 4:06PM
MLS# 12053937
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.
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Investment Insights
Based on property information with market context.
This 3,480-square-foot brick mixed-use property, built in 1931, includes two ground-floor storefronts and a separate one-story commercial unit at the rear. Both storefronts are to be delivered vacant at closing. The residential portion consists of a four-room apartment and a five-room apartment.
At 60-98 69th Ave in Ridgewood, the property sits in a commercial corridor with local businesses, restaurants, cafes, and neighborhood services nearby. The Myrtle-Wyckoff Avenues Station serves the L and M subway lines, and bus routes operate in the immediate area.
At 60-98 69th Ave in Ridgewood, the property sits in a commercial corridor with local businesses, restaurants, cafes, and neighborhood services nearby. The Myrtle-Wyckoff Avenues Station serves the L and M subway lines, and bus routes operate in the immediate area.
Key Highlights
- Two ground‑floor storefronts scheduled for vacant delivery at closing
- Separate one‑story commercial unit at the rear
- Two apartments: one with 4 rooms and one with 5 rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,067
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,701,340
$1.7M
Cap Rate 7%
$1,215,243
$1.2M
Cap Rate 9%
$945,189
$945.2K
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$160.8K $46.20/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$154.7K $44.44/SF
− OpEx
−$69.6K −$20.00/SF
NOI
$85.1K $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%
$1,701,340
Cap Rate 7%
$1,215,243
Cap Rate 9%
$945,189
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,067 @ 7.0% cap · market cap 4.73%
Second Best
Retail
$887.4K
$776.5K – $1.04M
NOI $62,118 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$2.57M
$2.24M – $2.99M
NOI $179,585 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines two apartments with three commercial spaces, including two storefronts scheduled for vacant delivery at closing.
Where is this mixed-use property located?
The property is located at 60-98 69th Ave Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Two ground‑floor storefronts scheduled for vacant delivery at closing; Separate one‑story commercial unit at the rear; Two apartments: one with 4 rooms and one with 5 rooms
