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580 Seneca Avenue 580 Seneca Ave

4,125 SF 100% Leased Retail Building Ridgewood, NY 11385 $1,950,000 ($473/SF)

Storefront Properties New York Ridgewood 580 Seneca Ave, Ridgewood, NY 11385

Investment Highlights

  • Well located: Seneca Avenue between Grove & Menahan Streets in Ridgewood, Queens, on the border of Bushwick, Brooklyn
  • Rent roll upside: Market rents are 20-25% higher than the current rent roll
  • Proximity to transportation: The Seneca Avenue M-train is three blocks over, while the Dekalb Ave L-train is a 10-minute walk away
  • Value-add potential: Though the units are well cared for and in leasable condition, there is definite upside potential with renovations
  • Neighborhood upside: Ridgewood, Queens is one of the best-positioned neighborhoods in NYC, with significant spillover from Bushwick & Williamsburg
  • Protected tax class: The property is designated tax class 2A

Executive Summary

Cory Rosenthal
License No. 10311210106 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,125 SF
Building Class
C
Year Built
2000
Price
$1,950,000
Price Per SF
$473
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.82
Land Acres
0.05 AC
Zoning
R6B - Medium density residential district
Frontage
25 FT on Seneca Avenue

Links

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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (99)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Capital One
Blink Fitness
Key Food Stores, Inc.
CTown
Krispy Krunchy Chicken
Rent-A-Center
Planet Fitness
Starbucks
Western Beef
World Gym

PROPERTY TAXES

Parcel Number 03440-0023 Improvements Assessment $52,397
Land Assessment $38,334 Total Assessment $90,731

PROPERTY TAXES

Parcel Number
03440-0023
Land Assessment
$38,334
Improvements Assessment
$52,397
Total Assessment
$90,731
(646) 868-0045

  • Listing ID: 33075836

  • Date on Market: 9/5/2024

  • Last Updated:

  • Address: 580 Seneca Ave, Ridgewood, NY 11385

More public record information on 580 Seneca Ave, Ridgewood, NY 11385

The Retail Property at 580 Seneca Ave, Ridgewood, NY 11385 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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580 Seneca Avenue | 580 Seneca Ave
(646) 868-0045 x

580 Seneca Avenue | 580 Seneca Ave

Bryan Kirk

(646) 868-0045

(646) 868-0045

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