Nowak & Partners of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 18-21 Bleecker Street, a multifamily building located on Bleecker Street between Onderdonk Avenue and Seneca Avenue, in the Ridgewood section of Queens, NY. The building sits on a 25 foot x 100 foot parcel and is zoned R6B. The subject property is three stories tall and built 25 feet x 65 feet on each floor, for a total of 4,875 square feet. The property consists of six apartments, with two free market, two-bedroom units on the ground floor, two rent stabilized, two-bedroom units on the second floor, and two free market, three-bedroom apartments on the third floor. The apartments on the first and third floors have been immaculately renovated, allowing investors to achieve top of the market rents.
18-21 Bleecker Street is located five blocks away from the Seneca Avenue "M" subway station, and seven blocks from the Dekalb “L” station for a 25 minute commute into Manhattan. The subject property offers investors the opportunity to purchase a mostly free-market multifamily building in the rapidly developing Ridgewood market, and to capitalize on growing property values and residential rents in the area.
