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    1823 Bleecker St Ridgewood, NY 11385

    For Sale
    $1,950,000

    Multi-Unit (5+) - Ridgewood, NY

    Days on Market:
    46
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 1823 Bleecker St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage

    Building Details

    Architectural style
    Other

    EVERGREEN REALTY & INVESTMENTS (646) 838-1378

    Listing agent Emma Barattini (646) 838-1378

    Listing date Oct 22, 2025

    MLS# 11592209 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ridgewood Six-Family Building with Air Rights

    This semi-detached, three-story building in Ridgewood is configured as a six-family property. The building has a gross area of 3,600 square feet and measures 20 feet by 60 feet. It occupies a 2,500-square-foot lot measuring 25 feet by 100 feet. The property includes 1,400 square feet of unused air rights. The unit mix consists of three free-market units and three rent-stabilized units. Each unit features one bedroom, one bathroom, and hardwood flooring. Select units have been fully renovated and include dishwashers and washers/dryers. The building generates a gross annual income of approximately $168,240, reflecting a 6.74% actual cap rate. The property is located near the M train at Seneca Avenue and the L train at Dekalb Avenue, offering convenient access to transportation. This property presents an opportunity to invest in a building with a high rent roll and air rights in Ridgewood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.91094
    Latitude
    40.705689

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    FAQs

    What type of property is this?
    Apartment building - Six-family building in Ridgewood with high rent roll.
    Where is this apartment building located?
    The property is located at 1823 Bleecker St Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - High Gross Annual Income of Approximately $168,240 and a 6.74% Actual Cap Rate; - 1,400 SF of Unused Air Rights; - 50% Free-Market Units in a Six-Family Building
    (646) 838-1378
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    Ridgewood, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1823 Bleecker St Ridgewood, NY 11385
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