Renovated Two-Family
71-27 69th Street, Ridgewood, NY 11385
For Sale
$1,250,000
Legal two-family residence with updated interiors, a finished basement, and private outdoor space.
Property Size2,014 SF
Days on Market99
Property Features for 71-27 69th Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
finished basement
private backyard
storage shed
Building Details
Building Size
Year Built
Listing Agency:
Realty Depot LLC
Listed By:
Gregory A. Yadgaroff
(718) 896-0777
Source:
Serhant
Added: Aug 3
Changed: Nov 7
Last Checked: Nov 8 at 2:22PM
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 Realty Depot LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this legal two-family residence was completely renovated three years ago. Both units include modern kitchens, updated bathrooms, and parquet flooring. The improvements also include a restored roof and a finished basement that adds storage or flexible-use space.
Outdoor features include a private backyard and a storage shed. The property is located at 71-27 69th Street in Ridgewood, NY 11385.
Outdoor features include a private backyard and a storage shed. The property is located at 71-27 69th Street in Ridgewood, NY 11385.
Key Highlights
- Legal two‑family property at 71‑27 69th Street, Ridgewood, NY 11385
- Completely gut renovated three years ago
- Modern kitchens and updated bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,768
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,360
$995.4K
Cap Rate 7%
$710,971
$711.0K
Cap Rate 9%
$552,978
$553.0K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$77.3K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$71.1K $35.30/SF
− OpEx
−$21.3K −$10.59/SF
NOI
$49.8K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,360
Cap Rate 7%
$710,971
Cap Rate 9%
$552,978
Alternative Uses
Best Use
Multifamily LT 5
$711.0K
$622.1K – $829.5K
NOI $49,768 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$703.3K
$615.4K – $820.5K
NOI $49,231 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,932 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,672
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
$842,800
Median Home Value
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Market
Average Price Trend$/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 - Legal two-family residence with updated interiors, a finished basement, and private outdoor space.
Where is this duplex located?
The property is located at 71-27 69th Street 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: Legal two‑family property at 71‑27 69th Street, Ridgewood, NY 11385; Completely gut renovated three years ago; Modern kitchens and updated bathrooms in both units
