Duplex with
New
For Sale
$1,061,500
71-51 67th Place, Ridgewood, NY 11385
The residence includes an eat-in kitchen and a one-car garage.
Property Size1,800 SF
Days on Market7
Property Features for 71-51 67th Place
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
1
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,063
Amenities
eat-in kitchen
Building Details
Building Size
1,800 SF
Year Built
1915
Construction
Colonial Style
Listing Agency:
Island Advantage Realty LLC
Listed By:
Todd A. Yovino · License #49YO0956714
(631) 351-6000
Source:
Serhant
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 11:59PM
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 Island Advantage Realty LLC
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Investment Insights
Based on property information with market context.
Classified as a duplex, this Colonial-style residence has four bedrooms, two full bathrooms, an eat-in kitchen, and a one-car garage. Built in 1915, the property is located in Ridgewood, New York.
Key Highlights
- Four bedrooms and two full bathrooms
- One‑car garage
- Eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,000
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,000
$880.0K
Cap Rate 7%
$628,571
$628.6K
Cap Rate 9%
$488,889
$488.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$83.2K $46.20/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$80.0K $44.44/SF
− OpEx
−$36.0K −$20.00/SF
NOI
$44.0K $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%
$880,000
Cap Rate 7%
$628,571
Cap Rate 9%
$488,889
Alternative Uses
Best Use
Apartment 5plus
$628.6K
$550.0K – $733.3K
NOI $44,000 @ 7.0% cap · market cap 4.15%
Second Best
Multifamily LT 5
$425.6K
$372.4K – $496.6K
NOI $29,793 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,889 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,379
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The residence includes an eat-in kitchen and a one-car garage.
Where is this duplex located?
The property is located at 71-51 67th Place Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,061,500.
What are key features of this property?
This property features: Four bedrooms and two full bathrooms; One‑car garage; Eat‑in kitchen
