487 Seneca Ave - Multi-Family FOR SALE


Ridgewood, NY 11385
$125,000 USD
347-860-0763
487 Seneca Ave, Ridgewood, NY for Sale
$125,000 USD
Multi-Family - FOR SALE
1/4
null | Request Cap Rate

487 Seneca Ave
Ridgewood, NY 11385


OVERVIEW

Key Money Sale: $125,000 Turnkey opportunity to acquire a fully operational café restaurant in the heart of Ridgewood. Located on a high foot-traffic block, this well-established café is currently known for its hearty sandwiches, breakfast offerings, soups, and café/bar snacks, serving a loyal neighborhood clientele. The space features 650 sq ft on the ground-floor café plus a 954 sq ft fully built basement kitchen, offering ample prep, storage, and production capacity. The business is being offered as a lease assignment with competitive Ridgewood rent, making it an attractive opportunity for an owner-operator or hospitality group looking to step into a ready-to-run concept. Included in the sale are a fully equipped kitchen, fixtures, and furnishings (excluding: mirrors, shelving and espresso grinder and drip), allowing for a seamless transition. The location also benefits from a renewable 4 AM liquor license, adding significant value and flexibility for expanded evening service. Highlights: - Key Money: $125,000 - Ground Floor Café: 650 SF - Basement Kitchen: 954 SF - Fully operational, turnkey café restaurant - Lease assignment with competitive rent - Renewable 4 AM liquor license - Fully equipped kitchen and furnishings included - Prime Ridgewood location with strong foot traffic Ideal for a café operator, sandwich concept, or neighborhood restaurant seeking an established presence in one of Queens’ most vibrant dining corridors.

FOR SALE DETAILS

PRICE

$125,000 USD

PRICE/SF

$41 USD /SF

# OF UNITS

3

PRICE/UNIT

$41,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Key Money Sale

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

03431-0002

ASK ABOUT THIS PROPERTY

Tiffany LeeCompassMore Info
347-860-0763

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Tiffany LeeCompassMore Info
347-860-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.