932 Seneca Ave
Ridgewood, NY 11385
Multifamily Property For Sale · 6 Units

With the potential to produce a gross annual income of $218,400.00, this three-story building in prime Ridgewood currently has three fully renovated three-bed, two bath apartments and three two-bed, one bath apartments. The units can be converted to two duplexed four-bedroom apartments on the first floor and the two two-bed apartments on the upper floors can be converted to three-bed apartments. At 5,400 SF, the building measures 27’ x 68’ and sits on a 2,700 SF lot measuring 27’ x 100.’ The building is just a 5-minute walk to the M train at Seneca Avenue and a 7-minute walk to the L train at Halsey Street and is located just off Myrtle Avenue which offers plenty of conveniences to residents, such as shopping, banking, grocery stores, pharmacies, salons, etc. This is a great opportunity to purchase a building in mint condition ready to be rented or renovate to maximize earning potential in the highly up-and-coming neighborhood of Ridgewood, just next door to thriving Bushwick.