Buy with Yoreevo
$3,438,750
List Price: $3,500,000
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609 Seneca Avenue
House in Ridgewood •  building info
studio • 2,250ft² $1,556 per ft²
Buy with Yoreevo

$3,438,750

List Price

$3,500,000

Key Details
Days on market
187
Last price change
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Estimated payment
$20,653/mo
Taxes
$1,258/mo
Maintenance
N/A
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!!!)

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$3,500,000
Asking Price: $3,500,000
Term
30 Years
Down Payment
$350,000 (10%)
Min: 10% (350,000)
Rate
6.25 %
Mortgage Amount
$3,150,000
Mortgage Payment
$19,395
Taxes
$1,258
Estimated Yoreevo rebate
$61,250
Estimated closing cost
$135,000
Total monthly cost $20,653
Buy your dream home with us and get an estimated $61,250 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of All Island Estates Realty Corp

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