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Type:
Multifamily
Sq Ft:
4,875
Units:
Property Description
Investment Property Realty Group (IPRG) has been exclusively retained to sell 17-15 Bleecker Street. This opportunity offers investors the opportunity to acquire a fully rent-stabilized, six-unit multifamily building in the heart of Ridgewood, Queens, one of New York City’s most consistent and supply-constrained rental markets.
The asset is offered at a 7.84% capitalization rate and an attractive $287 per square foot, providing strong in-place cash flow at a compelling basis. All six apartments are rent stabilized, creating a durable income stream with historically low turnover and predictable operating performance.
Located on a quiet residential block, the property benefits from Ridgewood’s continued demand driven by its proximity to Bushwick, expanding retail corridors, and convenient access to public transportation. The neighborhood’s long-term tenant base and limited new multifamily supply support stable occupancy and resilient collections.
17-15 Bleecker Street is well suited for investors seeking defensive yield, long-term cash flow, and exposure to a proven Queens multifamily market at an attractive entry point.
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Block & Lot:
03436-0067
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Neighborhood:
Ridgewood
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Cross Streets:
Cypress & Seneca Avenue
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Lot Dimensions:
25 ft x 100 ft
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Units:
6
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Total Approx. SF:
4,875
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Zoning:
R6B
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FAR:
2
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Tax Class:
2A
