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62-08 68th Avenue
Glendale, New York
$1,465,000 Price
4 Bedrooms   4.0 Baths
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Photo 1 of 62-08 68th Avenue, Glendale, New York, $1,465,000, Web #: 1074947363Previous PhotoNext Photo1 of 10

62-08 68th Avenue, Glendale, New York

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...

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.

Courtesy of Corcoran Group

Floorplan for 62-08 68th Avenue

Floorplan for 62-08 68th Avenue

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Glendale, New York
Type: Townhouse
Price: $1,465,000
Re Tax: $9,156
Date Listed: 5/7/2024
Web ID: 1074947363

Info & Amenities

Type: Townhouse
Rooms: 16.0
Bedrooms: 4
Bathrooms: 4.0
Built: 1930
Pets allowed: Yes

Map of Area for 62-08 68th Avenue

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.

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