551 Seneca Ave, Ridgewood, NY 11385

Weichert Realtors® - The Franzese Group has been hired to arrange for the sale of 551 Seneca Avenue between Bleecker St and Menahan St, in the Ridgewood section of Queens borderline Bushwick. The subject property is a Large Multi Family Corner Building with 6 Residential Units, Semi Detached, with a curb cut for private parking. The building is 25' x 62' (Approx. 4,650 Sq Ft) on a 25' x 90 lot (2,250 Sq Ft) and is Zoned R6B/C1-4. The property features 4 Rent Stabilized Apartments, and 2 Vacant Apartments (1 - Previously Owner Occupied, and 1 - Previously Rented for $1,300 Monthly). The property is conveniently located a few blocks away from the M Subway Line, offering quick and easy access to both Brooklyn and Manhattan. It is also situated on Seneca Avenue, walking distance to an array of new restaurants / bars, cafes, and shopping. This well-maintained building offers endless opportunity for an end user or investor/developer looking to be part of this neighborhood in Ridgewood. Annual Rent: $84,000. Est. Annual Real Estate Taxes: $13,000. Est. Annual Fuel: $4,000. Est. Annual Water and Sewer: $3,900. Est. Annual Insurance: $3,000. Total Expenses: $23,900.