Brick Two-Family
New
For Sale
$1,148,000
7150 68th Street, Ridgewood, NY 11385
Two separate residential units offer three bedrooms upstairs and two on the first floor.
Property Size2,300 SF
Days on Market6
Property Features for 7150 68th Street
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,628
Building Details
Building Size
2,300 SF
Year Built
1915
Listing Agency:
Landmark International R E LLC
Listed By:
Ayman Aziz
(347) 422-2247
Source:
Serhant
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 27 at 4:27AM
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 Landmark International R E LLC
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Investment Insights
Based on property information with market context.
This 1915 brick duplex contains two residential units, with a private entrance to the basement. The upper unit has three bedrooms, a combined living and dining area, and a kitchen with an island beneath 12-foot ceilings. The first-floor unit includes two bedrooms, an open living, dining, and kitchen area, a pantry, and access outdoors. Interior details include hardwood floors, three updated skylights, updated bathrooms, and stainless steel appliances.
Buses, subway service, schools, houses of worship, and Myrtle Avenue shopping are nearby. The property is on 68th Street in Ridgewood, New York.
Buses, subway service, schools, houses of worship, and Myrtle Avenue shopping are nearby. The property is on 68th Street in Ridgewood, New York.
Key Highlights
- Two‑unit brick duplex built in 1915
- Upper unit has 3 bedrooms and 12‑foot ceilings
- First‑floor unit includes 2 bedrooms, a pantry, and outdoor access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,222
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,440
$1.1M
Cap Rate 7%
$803,171
$803.2K
Cap Rate 9%
$624,689
$624.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$106.3K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$102.2K $44.44/SF
− OpEx
−$46.0K −$20.00/SF
NOI
$56.2K $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%
$1,124,440
Cap Rate 7%
$803,171
Cap Rate 9%
$624,689
Alternative Uses
Best Use
Apartment 5plus
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 4.90%
Second Best
Multifamily LT 5
$543.8K
$475.9K – $634.5K
NOI $38,069 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,691 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,923
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 - Two separate residential units offer three bedrooms upstairs and two on the first floor.
Where is this duplex located?
The property is located at 7150 68th Street Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,148,000.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1915; Upper unit has 3 bedrooms and 12‑foot ceilings; First‑floor unit includes 2 bedrooms, a pantry, and outdoor access
