Ridgewood Multifamily Investment
For Sale
Contact for pricing
Pending
17-15 Stanhope St, Ridgewood, NY 11385
Well-located, three-story multifamily property in a desirable Queens neighborhood.
Property Size4,875 SF
Lot Size0.06 Acres
Days on Market180
Property Features for 17-15 Stanhope St
General Information
Standard status
Pending
Size
4,875 SF
Lot size
0.06 Acres
Property subtype
Multifamily
Zoning
R6B
Occupancy
50%
Investment Type
Owner/User
Building Details
Year Built
1930
Year Renovated
2024
Buildings
1
Stories
3
Units
6
Listing Agency:
Cushman & Wakefield New York
(718) 307-6517
Listed By:
Dylan Walsh · License #10401384207
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 9 at 3:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
The property at 17-15 Stanhope Street presents a multifamily investment opportunity in Ridgewood, Queens. Constructed in 1930, this three-story walk-up building has a total area of 4,875 square feet. It features six rent-stabilized residential units, with each apartment averaging approximately 691 square feet. The building is situated on a 2,500 square foot lot and has dimensions of 25 ft x 65 ft. The property offers the option to be delivered with the entire 2nd-floor and unit 1R vacant. The combination of these units would result in a ~2,073 SF black canvass unit. The current ownership has invested capital into the property in recent years, including new kitchens, a hot water heater, a gas boiler, flooring and ceiling work in apartments, a bulkhead skylight, and exterior pointing, among other upgrades. The Super (1L) also has access to a partially finished basement. The property benefits from a protected 2A tax class status, which provides insulation from tax volatility and supports stable operating expenses. This property is suitable for long-term ownership.
Key Highlights
- Located in Ridgewood, Queens, a highly desirable and rapidly growing NYC neighborhood.
- Option to deliver the entire 2nd floor and unit 1R vacant, creating a ~2,073 SF unit for customization.
- Protected 2A tax class status provides insulation from tax volatility and stable operating expenses.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Well-located, three-story multifamily property in a desirable Queens neighborhood.
Where is this apartment building located?
The property is located at 17-15 Stanhope St Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Located in Ridgewood, Queens, a highly desirable and rapidly growing NYC neighborhood.; Option to deliver the entire 2nd floor and unit 1R vacant, creating a ~2,073 SF unit for customization.; Protected 2A tax class status provides insulation from tax volatility and stable operating expenses.
