Units
6
Gross SQFT
4,125
Property Type
Mixed-Use
INVESTMENT HIGHLIGHTS
- Well located: Seneca Avenue between Grove & Menahan Streets 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
- Rent roll upside: Market rents are 20-25% higher than the current rent roll
- 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 three blocks over, while the Dekalb Ave L-train is a 10-minute walk away
- Protected tax class: The property is designated tax class 2A
- Free-Market
Broker of Record
- Cory Rosenthal
- License No. 10991237833 (NY)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203