$1,695,000
Updated 10 years ago
Off Market

16-29 Stephen Street

Ridgewood, Queens | Wyckoff Ave & Cypress Ave

Income Property

$1,695,000
Lot Size50'x100'
Building TypeVacant Lot
RE Taxes$4,219

Building Amenities

  • Elevator

Property Description for 16-29 Stephen Street

Introducing 16-29 Stephen St with dimension of 50 x 100 & M1-4D zoning with the air rights of 1.65 which will allow to build approximately 8250 SQFT. Property is currently used as parking garages and storage facility and has small existing building. Property will be delivered vacant at the time of closing.This development site located at the border of Ridgewood and red hot Bushwick.Property is located 1 block away from L train at Halsey Stop and withing the walking distance from busy commercial strip of Myrtle Ave, which has many restaurants, cafe , supermarkets, gyms etc. Neighborhood has high demand for rental and condos units.This can be the opportunity for a developer to build high income yielding rental units or boutique condos.

Building Details for 16-29 Stephen Street

OwnershipIncome Property
Building TypeVacant Lot
Learn More About the Building

Transit and Citi Bike

Subway

Halsey St
0.06 miles
Myrtle-Wyckoff Avs
0.49 miles
Seneca Av
0.5 miles

Citi Bike

Norman St & Wyckoff Ave
0.08 miles
Cypress Ave & George St
0.13 miles

Contact Agents

Contact Agents

Kashif Khan
Corcoran
Wendy Hu
Corcoran

Ridgewood | Queens

Quick Profile

Unique for being a symbolic and literal bridge between Brooklyn and Queens, Ridgewood incorporates both distinct elements of these boroughs into its persona. Originally considered part of Brooklyn, the neighborhood broke off with Bushwick in the 1700s at a point called, appropriately, Arbitration Rock. When the blackout of 1977 occurred, the residents of Ridgewood only further wanted to dissociate themselves from their Bushwick neighbors as the bedlam that ensued in between the looting and the riots made them feel just a tad superior. 

And yet, just because its zip code changed didn’t mean Ridgewood could ever fully break free from its proximity and entwined identity with Bushwick. Pegged as the next “it” destination and hipster haven to move to circa 2016, Ridgewood has surprised many with its steady pace of growth, therefore well-maintained “neighborhood” feel. 

Rife with quiet blocks filled with quaint, colorful buildings, Ridgewood offers the bodegas and local businesses one also expects of “old world” Brooklyn. An increase in the number of coffee shops, bars and DIY venues have continued its natural association with Bushwick, however, the deeper into the neighborhood you go, the more apparent it becomes that Ridgewood is very much its own very Queensian thing. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 60349TH