Three-Family Residential Income
7313 71st Street, Ridgewood, NY 11385
- Added:
- Jul 5, 2025
- Days on Market:
- 356
- Last Refresh:
- Jun 25 at 8:06 pm
Property Features for 7313 71st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 3
- Rooms
- Bedroom 10, Bedroom 9, Bedroom 11, Bedroom 5, Bathroom 2, Bedroom 3, Basement, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 1
- Parking features
- Off Street, Open, On Street
- Interior features
- Ceiling Fan(s), High Ceilings, Storage
- Basement
- Storage Space, Full
- Standard status
- Pending
- APN
- 03709-0020
- Size
- 3,360 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7684
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1915
- Number of units
- 3
- Flooring type
- Carpet, Hardwood
- Building materials
- Frame
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Malgorzata A. Pieniadz CBR (347) 647-6397
Listing office Trademarko Realty Inc 6832 Forest Ave, Ridgewood, NY (718) 502-5141
Listing date Jul 5, 2025
MLS# 885446
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three‑family home built in 1915 with approximately 3,360 sq ft and building size 20' x 56'
- Unit layout: 1st floor has 3 bedrooms; 2nd and 3rd floors have 4 bedrooms each, with a full bathroom in every apartment
- Heating includes natural gas with hot water (heating); cooling includes window/wall unit(s)
- Interior features include high ceilings, ceiling fan(s), and storage
- Basement with backyard access; currently used for storage
- Utilities and services include public water and public sewer; cable available; parking includes off‑street, open, and on‑street
Overview
This three-family, three-story residential income building offers a straightforward unit mix and generous interior layout. The property is approximately 20 feet by 56 feet and contains roughly 3,360 square feet of living space. Each unit includes a full bathroom, living room, dining room, and kitchen. The first floor has three bedrooms, while the second and third floors each provide four bedrooms. A full basement is available and currently used for storage, with backyard access that can support future use options.
The building is located at 73-13 71st Street in Ridgewood, Queens, near Myrtle Avenue. Public transportation options listed include Q29, Q54, Q55, and B13 buses, as well as express buses to Manhattan (QM24, QM25, QM34) and access to the L and M subway lines. The surrounding area is noted for nearby shopping and amenities.
The property is being sold as-is and will be delivered vacant at closing, giving an owner the flexibility to update and reconfigure for either long-term rental use or owner-occupant scenarios. With separate floor-by-floor units and bedroom-rich layouts, it can be a practical fit for buyers seeking a three-family arrangement that can be customized after closing.
The building is located at 73-13 71st Street in Ridgewood, Queens, near Myrtle Avenue. Public transportation options listed include Q29, Q54, Q55, and B13 buses, as well as express buses to Manhattan (QM24, QM25, QM34) and access to the L and M subway lines. The surrounding area is noted for nearby shopping and amenities.
The property is being sold as-is and will be delivered vacant at closing, giving an owner the flexibility to update and reconfigure for either long-term rental use or owner-occupant scenarios. With separate floor-by-floor units and bedroom-rich layouts, it can be a practical fit for buyers seeking a three-family arrangement that can be customized after closing.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.2k | $46.20 |
| − Vacancy | −$5.9k | −$1.76 |
| EGI | $149.3k | $44.44 |
| − OpEx | −$67.2k | −$20.00 |
| NOI | $82.1k | $24.44 |
3,360 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,133 @ 7.0% cap · market cap 7.15%
Second Best
Multifamily LT 5
$794.5K
$695.2K – $926.9K
NOI $55,613 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,392 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.879643
- Latitude
- 40.701617
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-story, three-unit building with full basement access, delivered vacant and ready for customization in Queens.
Where is this triplex located?
The property is located at 7313 71st 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: Three‑family home built in 1915 with approximately 3,360 sq ft and building size 20' x 56'; Unit layout: 1st floor has 3 bedrooms; 2nd and 3rd floors have 4 bedrooms each, with a full bathroom in every apartment; Heating includes natural gas with hot water (heating); cooling includes window/wall unit(s)
