Tenant-Occupied
For Sale
$1,680,000
7874 82nd Street, Ridgewood, NY 11385
Three separately serviced apartments include a one-bedroom layout and two three-bedroom homes, each with a kitchen and living area.
Property Size2,880 SF
Price / SF$583.33
Days on Market9
Property Features for 7874 82nd Street
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
1
Property subtype
Residential Income
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 2 x 3BR, 1 x studio
Multifamily Units
4
Individually Metered Utilities
gas, electric
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,736
Amenities
Full
5
Yes
7
Other
Public
No
Attached, Driveway
2880
Building Details
Building Size
2,880 SF
Year Built
2007
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Magic Of Great Neck Realty Inc
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:34PM
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 Magic Of Great Neck Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2007, this three-family property contains three apartments with separate heating, gas, and electric service. The first-floor unit has one bedroom, a full bathroom, a kitchen with dining area, and a living room. Each upper-floor apartment offers three bedrooms, a kitchen and dining area, a living room, and a balcony; both also include a primary bedroom with an en-suite bath and another full bathroom. A separate-entry basement studio includes a kitchen and full bathroom.
The property has an attached one-car garage and a driveway. All units are tenant occupied. Forest Park, a golf club, and Myrtle Avenue are nearby, with Woodhaven Boulevard a short drive away.
The property has an attached one-car garage and a driveway. All units are tenant occupied. Forest Park, a golf club, and Myrtle Avenue are nearby, with Woodhaven Boulevard a short drive away.
Key Highlights
- Three‑family property built in 2007; all apartments are tenant occupied
- Separate heating, gas, and electric service for each apartment
- First‑floor unit has 1 bedroom and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,400
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,000
$1.4M
Cap Rate 7%
$1,005,714
$1.0M
Cap Rate 9%
$782,222
$782.2K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$133.1K $46.20/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$128.0K $44.44/SF
− OpEx
−$57.6K −$20.00/SF
NOI
$70.4K $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%
$1,408,000
Cap Rate 7%
$1,005,714
Cap Rate 9%
$782,222
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$880.0K – $1.17M
NOI $70,400 @ 7.0% cap · market cap 4.19%
Second Best
Multifamily LT 5
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,622 @ 7.0% cap · market cap 8.85%
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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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,695
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 separately serviced apartments include a one-bedroom layout and two three-bedroom homes, each with a kitchen and living area.
Where is this triplex located?
The property is located at 7874 82nd Street Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Three‑family property built in 2007; all apartments are tenant occupied; Separate heating, gas, and electric service for each apartment; First‑floor unit has 1 bedroom and 1 full bathroom
