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62-08 68th Avenue, New York, NY 11385
$1,465,000
62-08 68th Avenue, New York, NY 11385View this property at 62-08 68th Avenue, New York, NY 11385
62-08 68th AvenueNew YorkNY11385
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Property Description
Rare Ridgewood Offering for the Savvy Investor and/or End UserLovingly 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.
Full Property Details
Full Property Details for 62-08 68th Ave
General
- Price: $1,465,000
- Taxes: $9,156
- Status: Active
- Type: Townhouse
- MLS ID: RPLU-33422932560
- Updated: 5/7/2024
- Added to Site: 25 day(s) ago
Interior
- Number of Rooms: 16
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Building Other
Exterior
- Porch/Patio/Deck: Patio
Location
- County: Queens
- Subdivision: Glendale
Structural Information
- Structure Type: Townhouse
- Basement Desc.: Other
- Stories/Levels: 2
- Square Feet: 3,000
- Living Area: 3,000 Sq. Ft.
- Year Built: 1930
- Other Struct. Feat.: Green Building
Lot Features
- Property View: Other
- Lot Size: 2500
- Lot Dimensions: 100.00 x 25.00
Financial Considerations
- Tax Amount: $9,156
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Standard
- Block: 3626
- Lot Number: 30
Listing Courtesy of Corcoran Group
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Schools
Schools serving 62-08 68th Ave
School District:New York City Geographic District #24
Rating | Name | Grades | Distance |
---|---|---|---|
6810 Central Ave, Glendale, NY 11385 | PK-5 | 0.6 mi | |
7401 78th Ave, Glendale, NY 11385 | PK-8 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 62-08 68th Ave
Date
Details
Price
Change
Source
5/07/2024
Listed
$1,465,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 62-08 68th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,154
10%
$73,223
-70%
2022
$8,320
8%
$241,200
8%
2021
$7,704
2%
$224,325
3%
2020
$7,585
—
$217,800
20%
2019
$7,585
14%
$181,440
222%
2017
$6,636
—
$56,325
8%
2017
$6,636
7%
$52,172
8%
2016
$6,228
3%
$48,311
3%
2015
$6,027
5%
$46,781
—
2014
$5,728
6%
$46,781
8%
2013
$5,391
—
$43,327
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 62-08 68th Ave
62-08 68th Avenue, New York, NY 11385 (MLS# RPLU-33422932560) is a Townhouse property with 4 bedrooms and 4 full bathrooms. 62-08 68th Avenue is currently listed for $1,465,000 and was received on May 07, 2024. Want to learn more about 62-08 68th Avenue? Do you have questions about finding other Townhouse real estate for sale in New York? You can browse all New York real estate or contact a Coldwell Banker agent to request more information.