609 Seneca AVE Active Save Request In-Person Tour Request Virtual Tour
Ridgewood,NY 11385
Key Details
Property Type Other Types
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!!!)
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