6-Unit Rent-Stabilized Apartment
For Sale
$999,000
959 Seneca Avenue, Ridgewood, NY 11385
COMMERCIAL - Ridgewood, NY
Property Size5,850 SF
Lot Size0.06 Acres
Price / SF$170.77
Days on Market108
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 4, Bathroom 1, Bathroom 2, Bathroom 6
Subdivision
Ridgewood
Standard status
Active
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
17070
Amenities
Brand new appliances
Remodeled kitchens & bathrooms
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
(646) 838-1378
Added: May 1
Changed: Aug 4
Last Checked: Aug 16 at 6:06AM
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.
Fully leased 6-unit residential building in Ridgewood with all units occupied and rent-stabilized. Total building size is 5,850 sq ft on a 26 x 107.33 lot (2,791 sq ft). The property is built in 1931 and includes three-bedroom and two-bedroom layouts, with an average unit size of about 975 sq ft. Based on upcoming renewals of units 1R, 1L, 2L, and 3R, the building has in-place rental stability. Unit interiors include brand new appliances and remodeled kitchens and bathrooms, along with a digital doorman system.
Additional buildable area is estimated at about 2,500+ sq ft with FAR 3, offering expansion opportunity. The building is a 5-minute walk to the Myrtle-Wyckoff L & M trains, supporting tenant convenience and accessibility. Hardwood flooring is noted throughout.
An actual cap rate of 7.01% is listed, reflecting the current fully leased configuration.
Additional buildable area is estimated at about 2,500+ sq ft with FAR 3, offering expansion opportunity. The building is a 5-minute walk to the Myrtle-Wyckoff L & M trains, supporting tenant convenience and accessibility. Hardwood flooring is noted throughout.
An actual cap rate of 7.01% is listed, reflecting the current fully leased configuration.
Key Highlights
- Fully leased 6‑unit building with all units occupied and rent‑stabilized
- Total building size 5,850 sq ft with units averaging about 975 sq ft
- 26 x 107.33 lot (2,791 sq ft) and built in 1931
Property Analytics
Property Profile
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
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 - Fully occupied six-unit building with remodeled kitchens and bathrooms and a digital doorman system.
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 $999,000.
What are key features of this property?
This property features: Fully leased 6‑unit building with all units occupied and rent‑stabilized; Total building size 5,850 sq ft with units averaging about 975 sq ft; 26 x 107.33 lot (2,791 sq ft) and built in 1931
