Mixed-Use Duplex with Finished
For Sale
$1,250,000
Pending
6728 Forest Ave, Ridgewood, NY 11385
The first floor allows residential or commercial use, with a residential apartment on the second floor.
Property Size2,100 SF
Days on Market10
Property Features for 6728 Forest Ave
General Information
Standard status
Pending
Size
2,100 SF
Property subtype
Residential Income
Zoning
R5B/C1-4
Taxes and HOA fees
Annual Taxes
$5,205
Amenities
finished basement
Finished
3
Yes
6
First Floor Bedroom,First Floor Full Bath,High Ceilings
Public
No
2100
Building Details
Building Size
2,100 SF
Year Built
1930
Buildings
1
Stories
2
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 3:16PM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This semi-detached, two-family mixed-use property contains approximately 2,100 square feet, with 11 rooms, six bedrooms, and three full bathrooms. Its first floor can serve residential or commercial use under R5B/C1-4 zoning, while the second floor is configured as a residential apartment. A finished basement adds usable interior space. The property is offered vacant.
At 6728 Forest Ave in Ridgewood, the property is near M and L train service and several bus routes, including Q39, Q58, B13, B20, Q98, and Q55. The lot measures 22.67 x 84.08 IRR, and the building measures 18 x 52.
At 6728 Forest Ave in Ridgewood, the property is near M and L train service and several bus routes, including Q39, Q58, B13, B20, Q98, and Q55. The lot measures 22.67 x 84.08 IRR, and the building measures 18 x 52.
Key Highlights
- Approximately 2,100 square feet with 11 rooms, six bedrooms, and three full bathrooms
- R5B/C1‑4 zoning; first‑floor residential or commercial use
- Residential apartment on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,140
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,800
$1.4M
Cap Rate 7%
$987,714
$987.7K
Cap Rate 9%
$768,222
$768.2K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$105.8K $50.40/SF
− Vacancy
−$13.7K −$6.50/SF
EGI
$92.2K $43.90/SF
− OpEx
−$23.0K −$10.97/SF
NOI
$69.1K $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,800
Cap Rate 7%
$987,714
Cap Rate 9%
$768,222
Alternative Uses
Best Use
Office B
$987.7K
$864.3K – $1.15M
NOI $69,140 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$733.3K
$641.7K – $855.6K
NOI $51,333 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,370 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,524
Businesses Nearby
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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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The first floor allows residential or commercial use, with a residential apartment on the second floor.
Where is this mixed-use property located?
The property is located at 6728 Forest Ave Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 2,100 square feet with 11 rooms, six bedrooms, and three full bathrooms; R5B/C1‑4 zoning; first‑floor residential or commercial use; Residential apartment on the second floor
