996 Cypress Ave - Apartments FOR SALE


Ridgewood, NY 11385
$3,000,000 USD
646-321-9428
996 Cypress Ave, Ridgewood, NY for Sale
$3,000,000 USD
Apartments - FOR SALE
1/4
null | 7.25% Cap Rate

996 Cypress Ave
Ridgewood, NY 11385


OVERVIEW

Introducing a rare corner mixed-use asset located at 996 Cypress Avenue in the heart of Ridgewood, Queens. This 4-story walk-up features 15 residential units and 2 commercial spaces, totaling 17 units across 15,744 square feet. Built in 1927, the property sits prominently at the intersection of Cypress Avenue and George Street, offering exceptional street presence and consistent tenant demand. Just 0.1 miles from the L train at Jefferson Street, this is ideally positioned for renters and businesses alike seeking easy access to Manhattan and Brooklyn. With its stable income, strong neighborhood fundamentals, and long term upside potential, this is an outstanding opportunity to own a well-located asset in one of New York City's most dynamic and evolving rental markets.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

17

PRICE/UNIT

$176,471

CAP RATE

7.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,526 SF

ZONING

M1-4D

APN/PARCEL ID

03552-0058

ASK ABOUT THIS PROPERTY

Valon NikciLink NY RealtyMore Info
646-321-9428

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Valon NikciLink NY RealtyMore Info
646-321-9428

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