609 Seneca Avenue
Ridgewood, NY, 11385 $ 3,500,000
Bedrooms-- Baths-- Sq 6,500 Monthly Estimate*
$ 21,835
for $3,500,000. This 6,500 square foot building was built in 1930 on a lot size of 0.0517.
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!!!)
See more
FeaturesGeneralSewer Public Sewer
Heating Other
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Water Connected
Construction Materials Other
Year Built 1930
Property Subtype Multi Family
Tax Year 2024
Parcel Number 03439-0006
Business Type Other
County Queens
Property Type Commercial Sale
City New York
Number Of Units Total 6
Property Attached Y/N N
Tax Annual Amount 15096.4
Showing Instructions Please Call Office - 516-783-5603 - please do not use showing time
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 368100
See more
ExteriorWater Source Public
Total Parking 6
Parking Spaces 6
Foundation Details Other
Building Area Total 6500
Waterfront Y/N N
See more
* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $21,835
- Monthly Property Taxes
- $1,258
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Ridgewood, NY
Average List Price $1,729,913
Percent of Sale Price 51%
About Ridgewood, NY 103,573 Population
6% Since 2002
$ 62,666 Median Income
37.87 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/12/2025 | $3,500,000 | | Listed Price |