Brick Three-Family
New
For Sale
$1,399,900
7104 67th Place, Ridgewood, NY 11385
Three apartments will be delivered vacant, allowing flexibility for occupancy or rental use.
Property Size3,279 SF
Price / SF$426.93
Days on Market3
Property Features for 7104 67th Place
General Information
Standard status
Active
Size
3,279 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,460
Amenities
full finished basement
walkout access to backyard
steam heating
hot water heater
Eat-in Kitchen
Galley Type Kitchen
Granite Counters
High Ceilings
Natural Woodwork
Open Floorplan
Open Kitchen
Original Details
Garden
Building Details
Building Size
3,279 SF
Year Built
1920
Buildings
1
Units
3
Construction
brick
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Christopher L. Espinal · License #40ES1144459
(917) 945-5418
Source:
Georgemcknight
Added: Oct 23
Last Checked: Oct 23 at 5:38PM
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.
This brick triplex was built in 1920 and contains three separate apartments, each with two bedrooms, one full bathroom, and approximately 1,100 square feet of living space. A finished basement opens to the backyard. The building has steam heat, and the apartments have been maintained during 15 years of owner occupancy.
All three apartments will be vacant at closing. The property is on the border of Ridgewood and Glendale, approximately one mile from the Fresh Pond Road M train station. Local shopping and dining, neighborhood amenities, and express bus service on Fresh Pond Road are also nearby.
All three apartments will be vacant at closing. The property is on the border of Ridgewood and Glendale, approximately one mile from the Fresh Pond Road M train station. Local shopping and dining, neighborhood amenities, and express bus service on Fresh Pond Road are also nearby.
Key Highlights
- Three apartments, each with two bedrooms and one full bathroom
- Approximately 1,100 square feet of living space in each apartment
- Finished basement with walkout access to the backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,153
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,603,060
$1.6M
Cap Rate 7%
$1,145,043
$1.1M
Cap Rate 9%
$890,589
$890.6K
Market Conditions
NOI Build-Up for 3,279 SF
Gross rent
$151.5K $46.20/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$145.7K $44.44/SF
− OpEx
−$65.6K −$20.00/SF
NOI
$80.2K $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%
$1,603,060
Cap Rate 7%
$1,145,043
Cap Rate 9%
$890,589
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,153 @ 7.0% cap · market cap 5.73%
Second Best
Multifamily LT 5
$775.3K
$678.4K – $904.6K
NOI $54,273 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,212 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,923
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?
Triplex - Three apartments will be delivered vacant, allowing flexibility for occupancy or rental use.
Where is this triplex located?
The property is located at 7104 67th Place Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Three apartments, each with two bedrooms and one full bathroom; Approximately 1,100 square feet of living space in each apartment; Finished basement with walkout access to the backyard
