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Well Located and Value-Add Potential Lot For Sale

$1,500,000

6-60 Seneca Avenue, Queens, NY 11385

Active
Last Updated: 09/16/2024

57,843

NOI

3,120 sqft

Lot Area

Details:
NOI:    $57,843
Lot Area:    3,120 sqft
Units:    3
Zoning:    R6B / C1-4
Highlights:
  • Well located: Seneca Avenue between Linden Street & Gates Avenue 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
  • Air rights: Total buildable potential is 3,600 SF, presenting future owner with the opportunity to build an additional ~480 SF
  • Owner-user potential: Current retail lease is due in December 2024, presenting optionality for future ownership to occupy a portion or entirety of the building
  • 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 one block over, while the Dekalb Ave L-train is a 10-minute walk away
Map:
Documents:
Title
Offering Memorandum
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