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17-15 Stanhope Street
Ridgewood, NY 11385
17-15 Stanhope Street · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Up to 3 units delivered vacant (1R, 2L, 2R) - Perfect for an Owner/User
- Updated kitchens, flooring, appliances, mechanicals, etc
- Protected tax class 2A
- No deferred maintenance
- Finished basement
- Close subway access in one of NYC's fastest appreciating neighborhoods
Executive Summary
17-15 Stanhope Street offers investors a strong opportunity to acquire a well-located multi-family asset in Ridgewood, Queens—one of New York City’s most sought-after and fast-evolving neighborhoods.
Built in 1930, this three-story walk-up totals 4,875 square feet and is configured with six rent-stabilized residential units, averaging approximately 691 square feet per apartment. The property is situated on a 2,500 square foot lot with building dimensions of 25 ft x 65 ft.
The offering has the option to be delivered with the entire 2nd-floor and unit 1R vacant for new owner occupancy. Combination of these units would result in a ~2,073 SF black canvass unit for new ownership to do as they please.
Current Ownership has put major capital into the property over the last few years including new kitchens, hot water heater, gas boiler, flooring and ceiling work in apartments, bulkhead skylight, exterior pointing, among other upgrades. The Super (1L) also has access to a partially finished basement.
A key highlight is the property’s protected 2A tax class status, providing meaningful insulation from sharp tax volatility and supporting more stable, predictable operating expenses over time.
With its favorable tax profile, established unit mix, and desirable Ridgewood positioning, 17-15 Stanhope Street is well-suited for long-term ownership and durable performance.
Please direct all inquiries to Cushman & Wakefield
Built in 1930, this three-story walk-up totals 4,875 square feet and is configured with six rent-stabilized residential units, averaging approximately 691 square feet per apartment. The property is situated on a 2,500 square foot lot with building dimensions of 25 ft x 65 ft.
The offering has the option to be delivered with the entire 2nd-floor and unit 1R vacant for new owner occupancy. Combination of these units would result in a ~2,073 SF black canvass unit for new ownership to do as they please.
Current Ownership has put major capital into the property over the last few years including new kitchens, hot water heater, gas boiler, flooring and ceiling work in apartments, bulkhead skylight, exterior pointing, among other upgrades. The Super (1L) also has access to a partially finished basement.
A key highlight is the property’s protected 2A tax class status, providing meaningful insulation from sharp tax volatility and supporting more stable, predictable operating expenses over time.
With its favorable tax profile, established unit mix, and desirable Ridgewood positioning, 17-15 Stanhope Street is well-suited for long-term ownership and durable performance.
Please direct all inquiries to Cushman & Wakefield
Property Facts
| Price Per Unit | $311,679 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | High Vacancy Property | Building Size | 4,875 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | ||
| Zoning | R6B - Medium density residential district | ||
| Price Per Unit | $311,679 CAD |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,875 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B - Medium density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 03428-0043 | Improvements Assessment | $159,941 CAD |
| Land Assessment | $2,663 CAD | Total Assessment | $162,603 CAD |
Property Taxes
Parcel Number
03428-0043
Land Assessment
$2,663 CAD
Improvements Assessment
$159,941 CAD
Total Assessment
$162,603 CAD
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