Six-Unit Rent-Stabilized Apartment
For Sale
$970,000
959 Seneca Avenue, Ridgewood, NY 11385
Business Opportunity, Ridgewood, NY
Property Size5,850 SF
Lot Size0.06 Acres
Price / SF$165.81
Days on Market147
Property Features for 959 Seneca Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Family
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 2, Bathroom 4, Bathroom 1
Subdivision
Ridgewood
Standard status
Active
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
17070
Amenities
digital doorman system
Building Details
Year built
1931
Floors in Building
3
Flooring type
Hardwood
Listing Agency:
EVERGREEN REALTY & INVESTMENTS
(646) 838-1378
Listed By:
Emma Barattini
(815) 252-4110
Added: May 1
Changed: Sep 15
Last Checked: Sep 24 at 2:06PM
MLS# 11737998
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 959 Seneca Avenue in Ridgewood, this 5,850-square-foot apartment building contains six occupied, rent-stabilized residences. The property was built in 1931 and offers a mix of two- and three-bedroom layouts averaging approximately 975 square feet per apartment. Interior improvements include remodeled kitchens and bathrooms, brand-new appliances, and hardwood flooring, while a digital doorman system provides controlled entry.
The 2,791-square-foot lot measures 26 x 107.33 feet and carries 2A tax classification. Approximately 2,500+ square feet of additional buildable area is identified under FAR 3. The property is a 5-minute walk from the Myrtle-Wyckoff L & M trains. The stated actual cap rate is 7.22%.
The 2,791-square-foot lot measures 26 x 107.33 feet and carries 2A tax classification. Approximately 2,500+ square feet of additional buildable area is identified under FAR 3. The property is a 5-minute walk from the Myrtle-Wyckoff L & M trains. The stated actual cap rate is 7.22%.
Key Highlights
- Six occupied rent‑stabilized apartments
- 5,850 sq ft building on a 2,791 sq ft lot
- Unit layouts include two‑bedroom and three‑bedroom apartments averaging ~975 sq ft
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residential asset with renovated interiors, updated appliances, and controlled-access entry.
Where is this apartment building located?
The property is located at 959 Seneca Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Six occupied rent‑stabilized apartments; 5,850 sq ft building on a 2,791 sq ft lot; Unit layouts include two‑bedroom and three‑bedroom apartments averaging ~975 sq ft
