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
Effective Purchase Price
$1,428,250
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20039888
RLS at REBNY
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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20039888
RLS at REBNY
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
36.79% 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.
