NOT LISTED FOR SALE

72-04 Forest Ave Ridgewood, NY 11385

Ridgewood Neighborhood

Estimated Value: $2,376,478

10 Beds
5 Baths
5,951 Sq Ft
$399/Sq Ft Est. Value

Last Sold May 18, 2021

Last sale price $2,150,000 $361 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $15,031/month

176 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • 1 Car Detached Garage
  • Wood Flooring
  • Formal Dining Room
  • Park

About This Home

As of May 2021

Corner Brick Mixed-Use 5 Family + Store w/ Garage & Full Basement! This is an Investor's Dream! 5.7% CAP Rate! Building is located in prime Ridgewood, bordering gorgeous parks in Glendale and the trendiest restaurants and nightlife in Ridgewood. Just 5 mins to M train (Forest Ave) 3 blocks to Evergreen Park 7 blocks to the Rosemary's Playground Steps away from all shopping, boutiques, and groceries. This income-producing property features: - 5 Free Market Apartments (each are 2 Br/ 1 Bath) - Commercial Store is approx. 800 sq. ft (tenants have a 5-year lease) - All Apartments are in good condition, original wood floors that respect its pre-war character and charm: bright exterior, very high ceilings, hardwood floors, tall windows and so much more! - Quiet building. Very well maintained. - Full Basement - 1 Car Garage - Neighborhood highlights include: Art galleries, trendy nightlife bars, famous restaurants and an organic Farmer's market on Saturdays. Great Investment Opportunity!

Last Agent to Sell the Property

Michael Bifalco

Capri Jet Realty Corp Brokerage Phone: 718-388-2188 License #40BI0906710 Listed on: 07/28/2020

Last Buyer's Agent

Michael Bifalco

Capri Jet Realty Corp Brokerage Phone: 718-388-2188 License #40BI0906710 Listed on: 07/28/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,590

Year Built

  • Built in 1931

Lot Details

  • 2,592 Sq Ft Lot
  • Lot Dimensions are 25.92x100
  • 1 Common Wall
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,951 Sq Ft Home
  • 3-Story Property
  • Formal Dining Room
  • Storage
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Location

  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 30 / 3576
  • Assessor Parcel Number 03576-0030

Community Details

Overview

  • 5 Units

Recreation

  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,590

Year Built

Built in 1931

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Store+Dwell
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1931
  • New Construction: No
  • Attribution Contact: 718-388-2188
  • BuildingSize: 25.92 x 79 ft
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formal Dining, Storage
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 5
  • Basement: Full
  • Total Bedrooms: 10
  • Living Area: 5951
  • SquareFootage: 5951.00
  • SquareFootageSource: Other
  • NumberOfKitchens: 5

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Private, Detached, 1 Car Detached, Garage

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 25.92x100
  • Lot Size Sq Ft: 2592
  • Lot Size Units: Acres
  • Lot Features: Corner Lot, Near Public Transit
  • Parcel Number: 03576-0030
  • Zoning Description: R5B
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 5
  • NumberOf2Bedrooms: 5

Tax Info

  • Tax Annual Amount: 18590
  • Tax Block: 3576
  • Tax Lot: 30
  • Tax Map Number: 03576-0030

MLS Schools

  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2020
Closed on
May 18, 2021
Sold by
Ioannis Trilivas As Trustee and Michael Trilivas As Trustee
Bought by
72-04 Forest Avenue Associates Llc
Seller's Agent
Michael Bifalco
Capri Jet Realty Corp
Buyer's Agent
Michael Bifalco
Capri Jet Realty Corp
List Price
$2,650,000
Sold Price
$2,150,000
Premium/Discount to List
-$500,000
-18.87%
Current Estimated Value
$2,376,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,478
Avg. Annual Appreciation
2.48%
Original Mortgage
$1,600,000
Outstanding Balance
$1,454,896
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$929,994

Purchase Details

Closed on
Dec 21, 2012
Sold by
Trilivas Paraskevi and Trilivas Theodoros
Bought by
Ioannis Trilivas Trustee and Michael T Trilivas Trustee

Purchase Details

Closed on
Nov 22, 2000
Sold by
Radovich Dushan Z
Bought by
Trilivas Theodoros and Trilivas Paraskevi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,425
Interest Rate
7.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
72-04 Forest Avenue Associates Llc $2,150,000 --
72-04 Forest Avenue Associates Llc $2,150,000 --
Ioannis Trilivas Trustee -- --
Ioannis Trilivas Trustee -- --
Trilivas Theodoros $221,000 Chicago Title Insurance Co
Trilivas Theodoros $221,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 72-04 Forest Avenue Associates Llc $1,600,000
Closed 72-04 Forest Avenue Associates Llc $1,600,000
Previous Owner Trilivas Theodoros $305,000
Previous Owner Trilivas Theodoros $76,425
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2021 05/18/21 Sold $2,150,000 -11.3% $361 / Sq Ft
01/20/2021 01/20/21 Pending -- -- --
10/02/2020 10/02/20 Price Changed $2,425,000 -4.0% $407 / Sq Ft
08/24/2020 08/24/20 Price Changed $2,525,000 -4.7% $424 / Sq Ft
07/28/2020 07/28/20 For Sale $2,650,000 -- $445 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $24,224 $193,764 $3,319 $190,445
2024 $24,224 $193,762 $3,617 $190,145
2023 $22,436 $179,459 $3,529 $175,930
2022 $21,158 $496,800 $9,450 $487,350
2021 $19,643 $441,900 $9,450 $432,450
2020 $18,591 $486,000 $9,450 $476,550
2019 $18,798 $412,560 $9,450 $403,110
2018 $17,558 $138,045 $3,794 $134,251
2017 $16,919 $133,022 $3,853 $129,169
2016 $15,880 $133,022 $3,853 $129,169
2015 $10,309 $114,653 $4,165 $110,488
2014 $10,309 $114,653 $4,874 $109,779
Source: Public Records

Agents Affiliated with this Home

  • Michael Bifalco

    Seller's Agent in 2021

    Michael Bifalco

    Capri Jet Realty Corp

    (917) 225-7584

    2 in this area

    14 Total Sales

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Map

Source: OneKey® MLS

MLS Number: KEY3237340

OneKey® MLS

APN: 03576-0030

New York Queens County Ridgewood 11385 Ridgewood

72-04 Forest Ave, Ridgewood, NY

This home is located at 72-04 Forest Ave, Ridgewood, NY 11385 since 28 July 2020 and is currently estimated at $2,376,478, approximately $399 per square foot. This property was built in 1931. 72-04 Forest Ave is a home located in Queens County with nearby schools including P.S. 68 - Cambridge, Joseph F. Quinn Intermediate School 77, and Sacred Heart School.

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