Charles Rutenberg Realty Inc
Listed by Charles Rutenberg Realty Inc
$1,295,000
1015 Seneca Avenue
Details
APN 03575-0003
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
NOI $70,191
Year Built 1931
Acreage 0.064
Zoning R6B
Multifamily | 6 Units
Marketing description
Discover a prime investment opportunity in the heart of Ridgewood, Queens. This six-unit, rent-stabilized property offers a stable income stream and is situated in one of New York City's most vibrant neighborhoods. Units: 6 rent-stabilized apartments with annual gross Rent Roll: $113,661 with a Net Operating Income (NOI): $70,191
Recent Upgrades: New boiler installed in 2024; two units feature renovated bathrooms, Ridgewood is renowned for its diverse culinary scene, historic charm, and strong community spirit. Residents enjoy easy access to public transportation, including the M and L subway lines, facilitating convenient commutes to Manhattan and Brooklyn.
Listing Contacts
Charles Rutenberg Realty Inc
Listed by Charles Rutenberg Realty Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,191.23
$5,849.27/mo
Valuation Metrics
0
DSCR
5.42%
Cap Rate
5.42%
ROI
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