62-08 68th Avenue

62-08 68th Avenue

62-08 68th Ave
Ridgewood

$1,465,000
Price
4
Beds
4
Baths
3,000 Sq. Ft.
$488 / Sq. Ft.
3,000
Sq. Ft.
$488
per Sq. Ft.

Description

Rare Ridgewood Offering for the Savvy Investor and/or End User Lovingly maintained, and held by the same family for over 40 years, 62-08 68th Ave is ready for its legacy to be passed on. The classic ultra-wide and deep homes that line 68th avenue were built to endure through the centuries. Sitting on 25 X 100-foot lots, they comfortably accommodate the 4 units that most of these buildings house, but would make a luxurious and commodious single, or two-family townhouse as well. At nearly 3000 square...Rare Ridgewood Offering for the Savvy Investor and/or End User Lovingly maintained, and held by the same family for over 40 years, 62-08 68th Ave is ready for its legacy to be passed on. The classic ultra-wide and deep homes that line 68th avenue were built to endure through the centuries. Sitting on 25 X 100-foot lots, they comfortably accommodate the 4 units that most of these buildings house, but would make a luxurious and commodious single, or two-family townhouse as well. At nearly 3000 square feet interior and currently configured with two floor-through units per floor (4 free market apartments), plus a full 1400 sq. ft. basement with over 7' ceilings, and over 1000 sq. ft. of outdoor space, 62-08 offers a myriad of possibilities for the investor or end user. Maintain as is and collect handsome rents, update and renovate for incredibly high market rents, create an owner's duplex with a beautiful garden oasis and collect one, 2-, or 3-units worth of rental income, Or, build your single-family dream home. Additional FAR is available if expansion is desired. Special features include, 9 ft. ceilings, a large open backyard, and many original details including beautiful crown moldings, the original grand staircase and banister, and a stunning and ornate fireplace surround. This lovely home is flooded with light through 20 windows and an enormous skylight as well. The building shares a single boiler for efficient steam heating throughout, and 5 separate electric meters. All units are free market. Situated on a beautiful tree-lined, residential block in bustling Ridgewood, where trendy restaurants, breweries, coffee shops, bars, specialty shops, and boutiques abound. The Fresh Pond M train is less than 2 blocks away, Mafera Park just a few blocks down the street, and Forest Park just a little further offering multiple hiking trails and a wealth of opportunities for the outdoor enthusiast. Investors: Cap rate with market rents is approximately 6% with tremendous upside available. With updating, projected cap rate is 8%. First Open House Sunday May 12th by appointment. Please call or e-mail with any questions or to schedule a tour.

Property Details for 62-08 68th Avenue

View
Other

Location

Listing Courtesy of Corcoran Group
Add your commute
LISTING UPDATED: 05/07/2024 09:47 PM

Property Details for 62-08 68th Avenue

StatusActive
MLS IDRPLU-33422932560
Days on Market12
Taxes$763 / month
Maintenance-
Min. Down Pymt-
Total Rooms16.0
Compass TypeTownhouse
MLS TypeHouse/Building
Year Built1930
Lot Size2,500 SF / 100' x 25'
CountyQueens County

Building

62-08 68th Ave

4 Units2 StoriesBuilt in 1930

Location

Listing Courtesy of Corcoran Group
Add your commute

Building Information for 62-08 68th Avenue

Stories2Residences4Year Built1930Building Size25' x 55'Building Sq. Ft2,750 SFLot Size2,500 SF / 100' x 25'Building Age-Building Type-

Payment Calculator

$8,758 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,995

Property Taxes

$763

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 62-08 68th Avenue

Summary
Location and General Information
  • Subdivision Name: Glendale
  • Stories Total: 2
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0030
  • Tax Block: 03626
  • Flip Tax: $0
  • Building Tax Lot: 0030
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 3000.0
  • Building Area Total: 3000.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 100.00x25.00
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: Other
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: None
  • New Construction: No
  • Structure Type: Townhouse
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Patio And Porch Features: Patio
Interior Features
  • Entry Level: 1
  • Fireplace: No
  • Floor Number: 1
  • Basement: No
  • Cooling: No
  • ElevatorsTotal: 0
  • Size Dimensions: 55.00x25.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Delivered Vacant: No
  • Attendance Type: None
  • Land Lease: No

Property History for 62-08 68th Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 62-08 68th Avenue

Taxable ValueLand$105,300Additions$151,200Total$256,500
Home Facts
Total Finished SqFt3,000 SqFtLot Size2,500 SqFtYear Built1930ZoningR5BAPN4036260030

Schools near 62-08 68th Avenue

This home is within New York City Geographic District #24.
Rating
School
Type
Grades
Distance
P.S. 91 Richard Arkwright
Public - PK to 5
I.S. 119 the Glendale
Public - K to 8
Maspeth High School
Public - 9 to 12
ACE Academy for Scholars at the Geraldine Ferraro Campus
Public - PK to 5
Rating
School
Distance
P.S. 91 Richard Arkwright
PublicPK to 5

I.S. 119 the Glendale
PublicK to 8

Maspeth High School
Public9 to 12

ACE Academy for Scholars at the Geraldine Ferraro Campus
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Ridgewood

Neighborhoods

Cities

ZIPs

More information about 62-08 68th Avenue, Ridgewood

62-08 68th Avenue is a townhouse for sale in Ridgewood. This property was listed for sale on May 7, 2024 by Corcoran Group, it's currently listed at $1,465,000. This listing's school district is New York City Geographic District #24. Nearby schools include P.S. 91 Richard Arkwright, I.S. 119 the Glendale and Maspeth High School. 62-08 68th Avenue is a 4-bed, 4-bath, 3,000 sqft townhouse built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Group

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.