580 Seneca Ave - Storefront FOR SALE
Ridgewood, NY 11385 |
$1,950,000 USD
646-868-0045
580 Seneca Ave
Ridgewood, NY 11385
HIGHLIGHTS
- Well located: Seneca Avenue between Grove & Menahan Streets in Ridgewood, Queens, on the border of Bushwick, Brooklyn
- Value-add potential: Though the units are well cared for and in leasable condition, there is definite upside potential with renovations
- Rent roll upside: Market rents are 20-25% higher than the current rent roll
- Neighborhood upside: Ridgewood, Queens is one of the best-positioned neighborhoods in NYC, with significant spillover from Bushwick & Williamsburg
- Proximity to transportation: The Seneca Avenue M-train is three blocks over, while the Dekalb Ave L-train is a 10-minute walk away
- Protected tax class: The property is designated tax class 2A
FOR SALE DETAILS
PRICE
$1,950,000 USD
PRICE/SF
$473 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
580 Seneca Avenue
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.05 AC
LAND SF
2,265 SF
ZONING
R6B
APN/PARCEL ID
03440-0023
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646-868-0045
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646-868-0045
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