Brick Duplex with Finished
For Sale
$1,198,000
68-14 60th Street, Ridgewood, NY 11385
Two apartment units and a separate-entry basement offer flexible residential space.
Property Size2,400 SF
Lot Size0.04 Acres
Price / SF$499.17
Days on Market47
Property Features for 68-14 60th Street
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.04 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,024
Building Details
Building Size
2,400 SF
Year Built
1913
Buildings
1
Construction
brick
Listing Agency:
Douglas Elliman Real Estate
Listed By:
James Y. Chung · License #10301214776
(917) 576-9550
Source:
Serhant
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 21 at 6:04AM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Built in 1913, this brick duplex contains approximately 2,400 square feet on a 20-by-90-foot lot. The layout includes two railroad-style apartments with generously proportioned rooms and abundant natural light. A fully finished basement with its own entrance adds usable space to the property.
The home is located at 68-14 60th Street in Ridgewood, with restaurants, cafés, neighborhood shops, parks, and public transportation in the surrounding area. Its setting provides access to nearby Queens and Brooklyn neighborhoods while retaining an established residential character.
The home is located at 68-14 60th Street in Ridgewood, with restaurants, cafés, neighborhood shops, parks, and public transportation in the surrounding area. Its setting provides access to nearby Queens and Brooklyn neighborhoods while retaining an established residential character.
Key Highlights
- Two‑apartment brick duplex built in 1913
- Approximately 2,400 square feet of living space
- 20' x 90' lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,667
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,340
$1.2M
Cap Rate 7%
$838,100
$838.1K
Cap Rate 9%
$651,856
$651.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$110.9K $46.20/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$106.7K $44.44/SF
− OpEx
−$48.0K −$20.00/SF
NOI
$58.7K $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%
$1,173,340
Cap Rate 7%
$838,100
Cap Rate 9%
$651,856
Alternative Uses
Best Use
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 4.90%
Second Best
Multifamily LT 5
$567.5K
$496.6K – $662.1K
NOI $39,724 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,852 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,766
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartment units and a separate-entry basement offer flexible residential space.
Where is this duplex located?
The property is located at 68-14 60th Street Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Two‑apartment brick duplex built in 1913; Approximately 2,400 square feet of living space; 20' x 90' lot
