1715 Bleecker St - Apartments FOR SALE


Ridgewood, NY 11385
$1,425,000 USD
917-993-0849
1715 Bleecker St, Ridgewood, NY for Sale
$1,425,000 USD
Apartments - FOR SALE
1/6
null | 8.1% Cap Rate

1715 Bleecker St
Ridgewood, NY 11385


HIGHLIGHTS

  • Good cash flow
  • No capital expenditures required
  • Good condition & well maintained
  • Prime Ridgewood location near Cypress Avenue and Bleecker Street
  • Surrounded by vibrant retail, dining, and cultural amenities
  • Steps from L and M subway lines for easy Manhattan access

OVERVIEW

Curb Capital LLC presents 17-15 Bleecker Street, a fully occupied, three-story walk-up located in the heart of Ridgewood, Queens—one of New York City’s most dynamic and evolving neighborhoods. This 4,875-square-foot residential asset sits on a 25' x 100' lot and offers a rare opportunity to acquire a stabilized income-producing property with long-term upside in a high-demand rental market. Strategically positioned just off the corner of Bleecker Street and Cypress Avenue, the building enjoys excellent connectivity with close proximity to both the L and M subway lines, providing direct access to Manhattan and Brooklyn. The surrounding area is a vibrant mix of historic architecture, trendy cafes, local boutiques, and cultural venues, making it a magnet for young professionals and long-term renters alike. The property features six spacious two-bedroom units, all of which are currently leased, generating a gross annual income of approximately $159,698. With a projected net operating income of $115,418 and a cap rate of 7.21%, this asset offers immediate cash flow with minimal management burden. The building is zoned R6B, allowing for consistent residential use and long-term stability. This is an ideal acquisition for investors seeking a turnkey multifamily asset in one of Queens’ most desirable submarkets, with strong fundamentals and enduring tenant demand.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

6

PRICE/UNIT

$237,500

CAP RATE

8.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

R6B

APN/PARCEL ID

03436-0067

ASK ABOUT THIS PROPERTY

Adam TraubCurb CapitalMore Info
917-993-0849

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Adam TraubCurb CapitalMore Info
917-993-0849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.