996 Cypress Ave 17 Unit Apartment Building $3,000,000 ($176,471/Unit) 7.25% Cap Rate Ridgewood, NY 11385

Introducing a rare corner mixed-use asset located at 996 Cypress Avenue in the heart of Ridgewood, Queens. This 4-story walk-up features 15 residential units and 2 commercial spaces, totaling 17 units across 15,744 square feet. Built in 1927, the property sits prominently at the intersection of Cypress Avenue and George Street, offering exceptional street presence and consistent tenant demand. Just 0.1 miles from the L train at Jefferson Street, this is ideally positioned for renters and businesses alike seeking easy access to Manhattan and Brooklyn. With its stable income, strong neighborhood fundamentals, and long term upside potential, this is an outstanding opportunity to own a well-located asset in one of New York City's most dynamic and evolving rental markets.