660 Seneca Avenue

INVESTMENT HIGHLIGHTS

• Well located: Seneca Avenue between Linden Street & Gates Avenue 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
• Air rights: Total buildable potential is 3,600 SF, presenting future owner with the opportunity to build an additional ~480 SF
• Owner-user potential: Current retail lease is due in December 2024, presenting optionality for future ownership to occupy a portion or entirety of the building
• 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 one block over, while the Dekalb Ave L-train is a 10-minute walk away
• Protected tax class: The property is designated tax class 2A660 Seneca Avenue, Ridgewood, Queens, NY 11385
• Free-Market
• Owner/User Potential