18-23 Bleecker Street, Ridgewood, NY 11385

This semi-detached six-family building in Ridgewood features 1,400 SF of unused air rights, a high rent roll, and excellent air and light.

The building consists of three free-market units and three rent-stabilized units.

All units have one bedroom, one bathroom, and beautiful hardwood flooring and some are fully renovated with dishwashers and washers/dryers.

At three stories high, the building is 3,600 SF and measures 20’ x 60’.

It sits on a 2,500 SF lot measuring 25’ x 100’.

The building has a gross annual income of approximately $168,240 and has a 6.74% actual cap rate.

The building is conveniently located just a short walk from the M train at Seneca Avenue and the L train at Dekalb Avenue.

This is an excellent opportunity to invest in a 50% free-market building with a high rent roll and air rights in prime Ridgewood.