Triplex with Attached
For Sale
$1,680,000
7874 82nd Street, Ridgewood, NY 11385
Tenant-occupied property with separate heating, gas, and electric service for each unit.
Property Size2,880 SF
Price / SF$583.33
Days on Market11
Property Features for 7874 82nd Street
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
1
Property subtype
Triplex
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2BA, 1 x 3BR/2BA, 1 x studio/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,736
Building Details
Building Size
2,880 SF
Year Built
2007
Buildings
1
Tenancy
Multi
Listing Agency:
Magic Of Great Neck Realty Inc
(917) 620-3605
Listed By:
Vitaly Isaacs · License #10401300688
Source:
Cbwarburg
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 4:56AM
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
Investment Insights
Based on property information with market context.
Located at 7874 82nd Street in Ridgewood, NY, this 2,880-square-foot triplex was built in 2007. The first floor contains a one-bedroom, one-bath residence with a kitchen, dining area, and living room. The second and third floors each offer three bedrooms, a primary suite with its own bath, a kitchen with dining area, a living room, and a balcony. A basement with a separate entrance adds a studio, kitchen, and full bathroom.
Each unit has separate heating, gas, and electric service, and all units are tenant occupied. The property also includes a one-car attached garage and driveway. Nearby destinations identified for the property include Forest Park, a golf club, Myrtle Ave., and Woodhaven Blvd.
Each unit has separate heating, gas, and electric service, and all units are tenant occupied. The property also includes a one-car attached garage and driveway. Nearby destinations identified for the property include Forest Park, a golf club, Myrtle Ave., and Woodhaven Blvd.
Key Highlights
- 2,880‑square‑foot triplex built in 2007
- First‑floor unit has 1 bedroom and 1 full bath
- Second- and third‑floor units each include 3 bedrooms and a primary bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied property with separate heating, gas, and electric service for each unit.
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: 2,880‑square‑foot triplex built in 2007; First‑floor unit has 1 bedroom and 1 full bath; Second- and third‑floor units each include 3 bedrooms and a primary bath
