Totally Renovated Two-Family Brick
For Sale
$1,765,000
64-07 68th Avenue, Ridgewood, NY 11385
Totally renovated brick legal two-family with private yard, balconies, and finished basement with separate entrance.
Days on Market123
Property Features for 64-07 68th Avenue
General Information
Standard status
Active
Property subtype
Duplex
Amenities
private balcony
private yard
Building Details
Building Size
2,200 SF
Year Built
1930
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Keller Williams Rlty Landmark
(917) 251-4499
Listed By:
Deirdre A. Folan
Source:
Serhant
Added: Apr 1
Changed: Jul 31
Last Checked: Aug 1 at 11:07AM
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 Keller Williams Rlty Landmark
Investment Insights
Based on property information with market context.
Totally renovated all-brick legal two-family duplex built in 1930, designed with comfortable, flexible living space. The main floor features a sunny living room, a modern kitchen with stainless steel appliances, two bedrooms, a full updated bath, and a private balcony. The first floor can also be used as a duplex option with a finished basement.
The full finished basement offers high ceilings, additional finished living space, and a separate entrance. The second floor includes a living room, modern kitchen, three bedrooms, a full updated bath, and a private balcony. Hardwood floors run throughout.
A peaceful and serene private yard provides outdoor space. The property is described as convenient to transportation, including the M train, as well as buses, restaurants, and shopping.
The full finished basement offers high ceilings, additional finished living space, and a separate entrance. The second floor includes a living room, modern kitchen, three bedrooms, a full updated bath, and a private balcony. Hardwood floors run throughout.
A peaceful and serene private yard provides outdoor space. The property is described as convenient to transportation, including the M train, as well as buses, restaurants, and shopping.
Key Highlights
- Totally renovated all‑brick legal two‑family duplex built in 1930
- Main floor with sunny LR, modern kitchen with stainless steel appliances, 2 bedrooms, updated full bath, private balcony
- Second floor with living room, modern kitchen, 3 bedrooms, updated full bath, private balcony
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 | $101.6k | $46.20 |
| − Vacancy | −$3.9k | −$1.76 |
| EGI | $97.8k | $44.44 |
| − OpEx | −$44.0k | −$20.00 |
| NOI | $53.8k | $24.44 |
2,200 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$768.3K
$672.2K – $896.3K
NOI $53,778 @ 7.0% cap · market cap 3.05%
Second Best
Multifamily LT 5
$520.2K
$455.2K – $606.9K
NOI $36,414 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,531 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,633
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 - Totally renovated brick legal two-family with private yard, balconies, and finished basement with separate entrance.
Where is this duplex located?
The property is located at 64-07 68th Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,765,000.
What are key features of this property?
This property features: Totally renovated all‑brick legal two‑family duplex built in 1930; Main floor with sunny LR, modern kitchen with stainless steel appliances, 2 bedrooms, updated full bath, private balcony; Second floor with living room, modern kitchen, 3 bedrooms, updated full bath, private balcony
