17-15 Bleecker St, Flushing, NY 11385

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 8.05% capitalization rate and an attractive $282 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.