959 Seneca Ave
959 Seneca Ave, Ridgewood, NY 11385
CLEAN FULLY LEASED SIX-UNIT RENT-STABILIZED BUILDING IN PRIME RIDGEWOOD
This six-unit residential building is located in prime Ridgewood and spans approximately 5,850 square feet on a 26 x 107.33 lot (2,791 sq ft). The property is fully leased with strong in-place income, with additional upside based on upcoming renewals for units 1R, 1L, 2L, and 3R. All six units are rent-stabilized and currently occupied, with an average unit size of about 975 square feet featuring a mix of three-bedroom and two-bedroom layouts. Built in 1931, the building has been updated with brand new appliances, remodeled kitchens and bathrooms, and a digital doorman system. It falls under Tax Class 2A, benefiting from capped annual tax increases, and maintains low annual property taxes of approximately $17,070. With an FAR of 3, there is an additional 2,500+ buildable square feet, and the property is conveniently located just a five-minute walk to the Myrtle–Wyckoff L and M trains. 7.22% Actual Cap Rate.
Building Details
- For Sale $970,000
- Property Type Multi-Family
- Property Size 5,850 SF
- Units 6
- Lot Size 2,791 SF
- Cap Rate % 7.22
- Additional Rent Price on request
- # of Floors 3
- Property Tenancy Multi-Tenant
- Year Built 1931
- Date Updated Sep 11, 2026
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Contacts
Evergreen Realty & Investments
Location
- City Ridgewood, NY
- Neighborhood Ridgewood
- Zip Code 11385
- Market Queens
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Walk score 97/100 Walker's Paradise -
Transit score 98/100 Rider's Paradise -
Bike score 75/100 Very Bikeable
Points of Interest
Halsey Street
0.32 miles
Myrtle–Wyckoff Avenues
0.49 miles
Stanhope St & Wycoff Ave - NE Corner
0.83 miles
Stanhope St & Wycoff Ave - SE Corner
0.83 miles
Stanhope St & Wycoff Ave - NW Corner
0.84 miles
Stanhope St & Wycoff Ave - SW Corner
0.84 miles
Knickerbocker Avenue
0.87 miles
Dekalb Ave & Wycoff Ave - NE Corner
0.92 miles
Dekalb Ave & Wycoff Ave - SE Corner
0.92 miles
Dekalb Ave & Wycoff Ave - NW Corner
0.93 miles
Hess
0.51 miles
BP
0.62 miles
Shell
0.89 miles
American Gas
0.90 miles
Citgo
0.99 miles
Sunoco
1.19 miles
GasTrac
1.45 miles
Mobile
1.47 miles
Tesla Supercharger
1.94 miles
Revel
2.47 miles
Stop & Shop Parking
0.61 miles
MMP Parking LLC
0.92 miles
Havens Place Lot
1.63 miles
School bus parking
1.84 miles
Connoly's Parking Lot
2.02 miles
Private Parking Lot
2.90 miles
FDNY Fleet Services
3.17 miles
Parking Area C
3.22 miles
West Side Tennis Club parking lot
3.22 miles
Parking Area E
3.30 miles
Empire Auto Spa
0.26 miles
New Ridgewood Car Service
0.52 miles
Central Car Wash
0.56 miles
Sunny Brite Auto Wash Corporation
0.56 miles
GTS Limited
0.58 miles
Bleecker Hand Car Wash
0.60 miles
Budget Truck Rental
0.88 miles
Hertz
0.89 miles
Enterprise
0.93 miles
Imperial Hand Car Wash
2.46 miles
Tornado Crepes
0.01 miles
Grace Thai 2
0.03 miles
Burger King
0.03 miles
La Bella Pizza and Chicken
0.04 miles
Taco Bell
0.04 miles
Tasty's Diner
0.07 miles
Nepalese and Indian Restaurant
0.08 miles
Ridgewood Eats
0.08 miles
Bella Sera Pizza
0.09 miles
XOXO Kitchen and Diner
0.13 miles
Associated Supermarket
0.05 miles
Telco Stores
0.09 miles
M T Discount
0.11 miles
Himalaya Food Market
0.12 miles
Billy's Market Place
0.16 miles
Good Neighbors Supermarket
0.19 miles
Biedronka
0.26 miles
Vitelio's Marketplace
0.29 miles
Liberty Department Stores
0.37 miles
Junior's Food Outlets
0.37 miles
Duane Reade
0.06 miles
Sherman Pharmacy 2
0.08 miles
Rite Aid
0.19 miles
Myrtle Drugs
0.28 miles
Nature's Way Pharmacy
0.28 miles
Manav Pharmacy
0.29 miles
Life Script Pharmacy
0.33 miles
Ralph Pharmacy
0.34 miles
Ridgewood Medical Services
0.34 miles
Ard Pharmacy
0.34 miles
Listing Summary
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Property Financials 959 Seneca Ave is currently listed for sale at $970,000 for a price per square foot of $165.81.
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Property Details 959 Seneca Ave totals 5,850 square feet of Multi-Family space across 3 floors on a lot spanning 2,791 square feet. The property was initially built in 1931.
Tenancy at 959 Seneca Ave is listed as Multi-Tenant, comprising a total of 6 units.
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Area Characteristics 959 Seneca Ave is located in the Ridgewood neighborhood.
In terms of ease of commuting, the area has a walk score of 97, indicating that it is perfect for walking.
Evergreen Realty & Investments
