Brick Two-Unit
7036 65th Street, Ridgewood, NY 11385
For Sale
$1,198,000
Two vacant residences combine updated bathrooms with an attached garage and driveway parking.
Property Size2,800 SF
Price / SF$427.86
Days on Market60
Property Features for 7036 65th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
Natural Woodwork
Open Floorplan
Original Details
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Sweet Key Realty Group Inc
Listed By:
Qun D. Lin · License #10401254850
(347) 323-2443
Source:
Croninreale
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 7 at 8:27PM
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 Sweet Key Realty Group Inc
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Investment Insights
Based on property information with market context.
This 2,800-square-foot brick duplex, built in 1920, contains two vacant residences. Each unit has three bedrooms, a living room, formal dining room, and eat-in kitchen. A hall room is located on the second floor. The bathrooms on both floors have been updated, while the high-ceiling basement remains unfinished. The property needs renovation work. An attached two-car garage connects to the basement, and the driveway provides space for two additional cars.
The property is near the M train and the Fresh Pond Road and Myrtle Avenue corridors. Express bus service to Manhattan is also available nearby.
The property is near the M train and the Fresh Pond Road and Myrtle Avenue corridors. Express bus service to Manhattan is also available nearby.
Key Highlights
- Two residences, each with 3 bedrooms, a living room, formal dining room, and eat‑in kitchen
- 2,800 square feet; built in 1920
- Attached 2‑car garage with interior basement access, plus a 2‑car driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,444
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,880
$1.4M
Cap Rate 7%
$977,771
$977.8K
Cap Rate 9%
$760,489
$760.5K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$129.4K $46.20/SF
− Vacancy
−$4.9K −$1.76/SF
EGI
$124.4K $44.44/SF
− OpEx
−$56.0K −$20.00/SF
NOI
$68.4K $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%
$1,368,880
Cap Rate 7%
$977,771
Cap Rate 9%
$760,489
Alternative Uses
Best Use
Apartment 5plus
$977.8K
$855.6K – $1.14M
NOI $68,444 @ 7.0% cap · market cap 5.71%
Second Best
Multifamily LT 5
$662.1K
$579.3K – $772.4K
NOI $46,345 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,493 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,987
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
$842,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Ridgewood, NY
Properties on Market for Duplexes in Ridgewood
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences combine updated bathrooms with an attached garage and driveway parking.
Where is this duplex located?
The property is located at 7036 65th 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 residences, each with 3 bedrooms, a living room, formal dining room, and eat‑in kitchen; 2,800 square feet; built in 1920; Attached 2‑car garage with interior basement access, plus a 2‑car driveway
