783 Seneca AveRidgewood, NY 11385

Property Details for 783 Seneca Ave

Year built

1930

Lot size

0.05 AC

Property size (Sq ft)

4,650 SF

Zone code

R6B

Property type

Apartment buildings

APN

03462-0006

APU

34620006

Description

This exceptional investment opportunity presents a well-maintained six-unit multi-family building situated at 783 Seneca Avenue in the highly desirable Ridgewood neighborhood of Queens, New York. The property encompasses a generous 4,650 square feet and sits on a 0.05-acre lot. The building comprises six spacious two-bedroom apartments, each currently occupied. All units are registered with the NYC Department of Housing Preservation and Development (DHCR), ensuring compliance and providing a stable income stream for the owner. Its prime location offers unparalleled convenience, with easy access to a wealth of shopping, dining, and entertainment options. Excellent public transportation is readily available, enhancing the property's appeal to a wide range of tenants. This multi-family building represents a rare chance to acquire a substantial asset in one of Queens' most sought-after areas, providing a strong return on investment for discerning buyers. The property's excellent condition and consistent occupancy make it an ideal addition to any investment portfolio. The building's size and layout offer potential for future appreciation and value enhancement. This is a turnkey investment opportunity not to be missed. The asking price is $1,598,000.

• CAP approach

  CAP return

  Valuation

  6%

  $953,292

  6.5%

  $879,962

  7%

  $817,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $941,732

  Geo Method

  $941,732

• Alternative Use

  Use

  Valuation

  Residential

  $879,962

  Hospitality

  $806,040

  Educational

  $670,616

  Medical

  $693,680

  Retail

  $1,043,181

Location Insight

City

Flushing

County

Queens

State

New York

Latitude

40.7019

Longitude

-73.9056

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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