Listed by Matthews
$2,250,000
9-75 Seneca Avenue
Details
Property Type Mixed Use
Sub Type Mixed Use
Square Footage 4,800
Units 6
Cap Rate 3.12%
NOI $70,272
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.33%
Pro-Forma NOI $187,461
Buildings 1
Lot Size (SqFt) 1,800
Zoning R6B
Investment Type Value Add
Mixed-Use Investment Opportunity | 100% Free Market
Investment highlights
- Located at the corner of Seneca Avenue and Centre Street in Prime Ridgewood, Queens
- ±4,800 Gross SF
- All leases are month-to-month, translating to short-term upside via renewal / renovation / re-lease
- Residential rents are currently 50% below market allowing for mark-to-market upside
- Protected tax class 2A, limiting tax increases to no more than 8% per year
- 10-minute walk from Myrtle-Wyckoff Transit Hub with direct access to both M and L Subways
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,272.00
$5,856.00/mo
Valuation Metrics
0
DSCR
3.12%
Cap Rate
3.12%
ROI
Map
Zoning
R6B ResidentialMulti FamilyGeneral Residence
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View all 99 uses
View all 99 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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