18-17 Stephen Street

• Vacant unit — Unit 2L has been owner-occupied and is currently temporarily exempt from rent stabilization. It will be delivered vacant, and ownership expects it to re-enter stabilization at a market-rate initial rent, which gives a buyer the chance to set rent at current market levels. Buyer to verify initial legal rent with counsel.
• Location — On Stephen Street between Seneca Avenue and Forest Avenue in Ridgewood, Queens.
• Tax class — Protected (2A), increases capped at 8%/yr or 30% over five years.
• Unit layouts — Six identical railroad units, each approximately 850 SF.
• Transit — Located 2 blocks away from the Halsey Street L-Train station allowing direct access to Midtown Manhattan.