1715 Bleecker St Immeuble residentiel 6 lots 1 240 719 € (206 786 €/Lot) Taux de capitalisation 8,10 % Ridgewood, NY 11385

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.