959 Seneca Avenue, Ridgewood, NY 11385

Property Description

CLEAN FULLY LEASED SIX-UNIT RENT-STABILIZED BUILDING IN PRIME RIDGEWOOD Six-unit residential building Located in prime Ridgewood Total building size: 5,850 sq ft Lot dimensions: 26 x 107.33 (2,791 sq ft) Fully leased with strong in-place income. Based on the upcoming renewals of units 1R, 1L, 2L, 3R Six residential units (all occupied) All units rent-stabilized Building features: Brand new appliances Remodeled kitchens & bathrooms Digital doorman system Average unit size: ~975 sq ft, with three-bedroom and two-bedroom layouts. Built in 1931 2A Tax Class: capped annual tax increases Low annual property taxes: ~$17,070 Additional buildable area: ~2,500+ sq ft (FAR 3) 5-minute walk to Myrtle-Wyckoff L & M trains. 7.01% Actual Cap Rate.