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609 Seneca Ave
Ridgewood, NY 11385

$3,500,000 USD

Apartments For Sale • 4,875 SF

Property Details

Property Type Apartments
Total Building Size 6,500 SF
Lot Size 0.06 AC
Building Class B
Year Built 1930
Cap Rate 6.45 %
Zoning R6B/C4-1

100 Transit Score

92 Walk Score

                
                    Highlights
                
                                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, +++!!!
                            
                                The Property Is Located In The Heart Of Ridgewood In Between Fresh Pond Road, Myrtle Avenue & Metropolitan Avenue!!! 
                            
                                Neighbors Include Chase Bank, TD Bank, Northwell Health, Extra Space Storage, Stop & Shop, BJ’s, Key Food, Raymour & Flanigan, Pep Boys, +++!!!
                            
                                This Property Offers HUGE Upside Potential!!!
                            
                                This Could Be Your Next Development Site / The Next Home For Your Business!!!

Financial Summary (Actual)

Net Operating Income: $225,624 USD (2024)

Cap Rate:	6.45 %
Total Expenses:	$26,976 USD

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Fenced Lot
Security System
Storage Space
Heating
Kitchen
Oven
Range
Bicycle Storage
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	7 min	-	2.9 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	12 min	-	3.7 mi
Transit/Subway	Drive	Walk	Distance
Seneca Avenue (M - New York MTA Subway (The Subway))	0 min	2 min	0.1 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	1 min	7 min	0.4 mi
Forest Avenue (M - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
Dekalb Avenue (L Line) (L - New York MTA Subway (The Subway))	2 min	12 min	0.7 mi
Halsey Street (L Line) (L - New York MTA Subway (The Subway))	2 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
LaGuardia	15 min	-	6.5 mi
John F Kennedy International	18 min	-	10.8 mi
Newark Liberty International	33 min	-	17.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Matthew Shane 516-279-8828 All Island Commercial

609 Seneca Ave Ridgewood, NY 11385