15 days on rocket

62-08 68th Ave, New York City, NY, 11385

$1,465,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths
3,000 SqFt
$488/SqFt
Townhouse
Schools Nearby

Location

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62-08 68th Ave, New York$1,465,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Year Built1930
ViewOther
MLS #RPLU-33422932560
StatusActive

About 62-08 68th Ave

<p><em><span>Rare Ridgewood Offering for the Savvy Investor and/or End User</span></em></p><p><em><span>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. </span></em></p><p><em><span>Investors: Cap rate with market rents is approximately 6% with tremendous upside available. With updating, projected cap rate is 8%.</span></em></p><p><em><span>First Open House Sunday May 12th by appointment. Please call or e-mail with any questions or to schedule a tour.</span></em></p><p> </p>

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Living Area: 3,000 SqFt

Listing Office:

  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: Jennifer Carlson
  • Agent Phone: (646) 645-3269

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,465,000
  • Price Per SqFt: $488/SqFt
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$849.1K

Med. Price/SqFt

$639

Avg. Days On Market

96

# of Sold Homes

1674

62-08 68th Ave vs New York

15 DAYS ON ROCKET

-81 Days

$1,465,000

+$615.8K More

$488/SqFt

-$152 Less

KEY TAKEAWAY

This property is $615.8K more than the Median Sold Price and $152/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-33422932560

Listing Office:

  • Office Name: Corcoran Group
  • Office Phone: (212) 355-3550
  • Listing Agent: Jennifer Carlson
  • Agent Phone: (646) 645-3269

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/23/2024, 12:55:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,379

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,459

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-454281
4
/10

  • PS 88 Seneca

  • 6085 Catalpa Ave

  • 0.24 miles

  • Public District Grades PK-5

school-card-donut-454282
5
/10

  • PS 239

  • 1715 Weirfield St

  • 0.33 miles

  • Public District Grades PK-5

school-card-donut-454283
5
/10

  • PS 68 Cambridge

  • 5909 Saint Felix Ave

  • 0.51 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,810. Most New York, NY residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 62-08 68th Ave

What is the listing price of this property?

The listing price of 62-08 68th Ave property is $1,465,000.

What type of property is this?

The property 62-08 68th Ave is a townhouse located in New York City, New York, 11385.

Is this property for sale now?

Active Listing: 62-08 68th Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 62-08 68th Ave has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 62-08 68th Ave is 3,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 62-08 68th Ave is 1930.

Rocket Homes›New York›Queens County›New York›11385›62-08 68th Ave

This home is located at 62-08 68th Ave in New York City, NY and zip code 11385 in the Ridgewood neighborhood. This 3,000 square foot home was built in 1930. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $1,465,000.

While more than 168 listings in New York, NY in April 2024 were sold above asking price, there were more than 758 listings sold at asking price, and more than 748 were sold below. The number of homes for sale in New York, NY increased by 3.8% between March 2024 and April 2024. In April 2024, listings were on the market for 96 days. During the same period, the median list price in this real estate market was $849,191.

From Rocket Homes Real Estate and based on county public records data.

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