68-11 FOREST Avenue, New York City, NY 11385
Listing Courtesy of Corcoran Group
$1,450,000
Potential Rebate: $21,750
Overview
Unveiling a Prime Investment Opportunity: 68-11 Forest Avenue, Ridgewood, NY<br> <br> Discover an exceptional investor-focused opportunity at 68-11 Forest Avenue, a meticulously maintained 4-family building nestled in the heart of Ridgewood, Queens. This fully free-market property presents an immediate income-generating asset with significant upside potential in one of New York City's most dynamic and desirable neighborhoods.<br> Investment Highlights:<br> <ul> <li> Four Free Market Units: Enjoy the flexibility and maximizing rental income with all four units operating as free market</li> <li> Strong Cash Flow Potential: All the units can command market-rate rents. this property offers a robust income stream potential, ideal for investors seeking stable returns and minimal regulatory oversight as the Ridgewood rental market continues its upward trajectory.</li> <li> Ideal Building Dimensions: Boasting a substantial 25-foot by 70-foot footprint, the building provides spacious layouts across its four units, appealing to a wide range of prospective tenants. Each apartment is composed of 2 bed 1 bath layouts.</li> <li> Unbeatable Transit Access: Positioned for ultimate convenience, the Q39 bus stops directly on the block, offering seamless connectivity. Furthermore, the property is extremely convenient to the Forest Avenue M train stop, providing rapid access to Manhattan and other key Brooklyn and Queens destinations, a major draw for renters.</li> <li> Vibrant Neighborhood Amenities: Ridgewood's reputation as a thriving cultural hub precedes it. The immediate vicinity of 68-11 Forest Avenue boasts an array of acclaimed restaurants, trendy cafes, local shops, and burgeoning nightlife, ensuring high tenant demand and a desirable lifestyle. Residents will appreciate the walkable nature of the neighborhood, with everyday essentials and entertainment just steps away.</li> <li> Strong Rental Market: Ridgewood continues to experience consistent demand for quality rental housing. The neighborhood's unique blend of historic charm, artistic flair, and easy accessibility makes it a magnet for a diverse tenant base, ensuring low vacancy rates and strong rental growth.</li> </ul> Seize the opportunity to acquire an income-producing asset in a prime Ridgewood location. This is an ideal addition to any savvy investor's portfolio.<br> Please contact us for a detailed financial breakdown and to schedule a private showing.<br>
Home Features
- •In Unit
- •Smoke Free
Estimated Monthly Payment
$8,130 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$21,750
Monthly savings impact
$60/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20039888
Price Analysis
Compare average listing prices and value metrics for 68-11 FOREST Avenue against the surrounding Ridgewood market.
Average List Price
Price Per SqFt
35.89% Lower
than the Ridgewood price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Ridgewood
Overview of Ridgewood
Ridgewood is the cooler, quieter cousin of Bushwick. It has been designated a historic district for its miles of yellow brick row houses. For buyers seeking Ridgewood Queens real estate, it offers hip cafes, breweries, and stunning architecture.
Living in Ridgewood is trendy but grounded. It feels like Brooklyn but is firmly in Queens. As a Queens NYC neighborhood, it is architecturally distinct.
Real Estate & Housing Market
The market for homes for sale in Ridgewood is hot. The "Mathews Flats" (yellow brick 6-family buildings) are iconic.
Prices have risen significantly as young professionals move in.
Lifestyle & Community
The lifestyle in Ridgewood is vibrant. It has a burgeoning art and coffee scene.
The community is a mix of Polish/Slavic roots and young creatives.
Transportation & Accessibility
Ridgewood is served by the M and L trains. It is very accessible to Union Square.
Parks, Schools & Amenities
Grover Cleveland Park offers skyline views.
Amenities: A huge number of vintage shops and bars.
Who This Neighborhood Is Best For
Ridgewood is best for creatives, young professionals, and lovers of historic architecture.
