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$ 3,500,000
Est. payment /mo
New
609 Seneca AVE Ridgewood, NY 11385
2,252 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 876844
Rental Info No
Year Built 1930
Annual Tax Amount $15,096
Lot Size 2,252 Sqft
Acres 0.0517
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 6,500 Sqft. 6 Unit Apartment Building In Ridgewood For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B/C1-4 Zoning, High Ceilings, 6 Parking Spaces, Separate Meters, Low Property Taxes, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Ridgewood In Between Fresh Pond Road, Myrtle Avenue & Metropolitan Avenue!!! The Property Is Situated Minutes From Queens Center & The Metro Mall!!! Neighbors Include Chase Bank, TD Bank, Northwell Health, Extra Space Storage, Stop & Shop, BJ's, Key Food, Raymour & Flanigan, Pep Boys, Enterprise Rent-A-Car, Hertz, Blink Fitness, Tiger Schulmann's Martial Arts, Wendy's, Taco Bell, CVS, Qdoba, White Castle, KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!!
Income:
1R (2 Br. Duplex): $37,200 Ann.; M-M
1L (2 Br. Duplex).: $48,000 Ann.; M-M.
2R (2 Br. Apt.): $43,800 Ann.; Lease Exp.: 8/31/25.
2L (2 Br. Apt.): $40,800 Ann.; M-M.
3R (2 Br. Apt.): $42,000 Ann.; Lease Exp.: 4/30/26.
3L (2 Br. Apt.): $40,800 Ann.; Lease Exp.: 7/31/25.
Gross Income: $252,600 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Hot Water Heater: $3,000 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $4,800 Ann
Insurance: $3,830 Ann.
Taxes: $15,096.40 Ann.
Total Expenses: $26,976.40 Ann.
Net Operating Income (NOI): $225,623.60 Ann. (6.45% Cap!!!)
Income:
1R (2 Br. Duplex): $37,200 Ann.; M-M
1L (2 Br. Duplex).: $48,000 Ann.; M-M.
2R (2 Br. Apt.): $43,800 Ann.; Lease Exp.: 8/31/25.
2L (2 Br. Apt.): $40,800 Ann.; M-M.
3R (2 Br. Apt.): $42,000 Ann.; Lease Exp.: 4/30/26.
3L (2 Br. Apt.): $40,800 Ann.; Lease Exp.: 7/31/25.
Gross Income: $252,600 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Hot Water Heater: $3,000 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $4,800 Ann
Insurance: $3,830 Ann.
Taxes: $15,096.40 Ann.
Total Expenses: $26,976.40 Ann.
Net Operating Income (NOI): $225,623.60 Ann. (6.45% Cap!!!)
Location
State NY
County Queens
Interior
Heating Other
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected
Total Parking Spaces 6
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp