Ridgewood Six-Unit Income
For Sale
$1,295,000
1015 Seneca Avenue, Ridgewood, NY 11385
Commercial Sale, Ridgewood, NY
Property SizeContact for details
Lot Size0.06 Acres
Days on Market142
Property Features for 1015 Seneca Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6B
Rooms
Basement
Standard status
Active
APN
03575-0003
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15145
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1931
Floors in Building
3
Number of units
6
Building materials
Block, Brick
Listing Agency:
Charles Rutenberg Realty Inc
(516) 575-7500
Listed By:
Donald Oula
(516) 575-7500
Added: Apr 1
Changed: Aug 19
Last Checked: Aug 20 at 7:06PM
MLS# 979762
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Investment Insights
Based on property information with market context.
This six-unit, rent-stabilized property presents an investment opportunity in Ridgewood, Queens. The property is located in a vibrant neighborhood and offers a stable income stream. The building contains six rent-stabilized apartments, generating an annual gross rent roll of $113,661 and a net operating income of $70,191. Recent upgrades include a new boiler installed in 2024, and two units feature renovated bathrooms. The property benefits from its location in Ridgewood, which is known for its diverse culinary scene, historic charm, and strong community spirit. Residents have convenient access to public transportation, including the M and L subway lines, providing easy commutes to Manhattan and Brooklyn. The lot size is 0.0643 acres.
Key Highlights
- Stable Income Stream: Six rent‑stabilized units provide a reliable source of income.
- High Net Operating Income (NOI): $70,191 annually, indicating strong profitability.
- Prime Location in Ridgewood, Queens: Situated in a vibrant and desirable neighborhood.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,580
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six rent-stabilized units in vibrant Ridgewood neighborhood.
Where is this apartment building located?
The property is located at 1015 Seneca Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Stable Income Stream: Six rent‑stabilized units provide a reliable source of income.; High Net Operating Income (NOI): $70,191 annually, indicating strong profitability.; Prime Location in Ridgewood, Queens: Situated in a vibrant and desirable neighborhood.
