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16-Unit Brick Apartment Building

7221 67th Street, Ridgewood, NY 11385

For Sale
$2,450,000

R5D-zoned multifamily property with 16 residential units in Ridgewood.

Property Size9,840 SF
Price / SF$248.98
Days on Market67

Property Features for 7221 67th Street

General Information

Standard status Active
Size 9,840 SF
Property subtype Commercial
Zoning R5D
Net Operating Income $166,613

Additional Details

Cap Rate 6.8%
Public Transit Yes
Multifamily Units 16

Taxes and HOA fees

Annual Taxes $67,398

Building Details

Building Size 9,840 SF
Year Built 1929
Buildings 1
Stories 4
Units 16
Construction brick
Listing Agency: Dom Realty of NY Inc
Listed By: Rafael Normatov
Source: Adamstreetrealty
Added: Sep 2 Changed: Nov 6 Last Checked: Nov 6 at 2:46PM

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 Dom Realty of NY Inc

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Investment Insights

Based on property information with market context.

This 16-unit apartment building is constructed of brick and contains 9,840 square feet. Built in 1929, the property is zoned R5D and offers a multifamily configuration in Ridgewood.

The property is located at 7221 67th Street, near shopping, restaurants, schools, parks, and public transportation.

Key Highlights

  • 16 residential units
  • 9,840 square feet of building area
  • Brick construction

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

1,887
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Properties on Market for Apartment buildings in Ridgewood

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - R5D-zoned multifamily property with 16 residential units in Ridgewood.
Where is this apartment building located?
The property is located at 7221 67th Street Ridgewood, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 16 residential units; 9,840 square feet of building area; Brick construction
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