408 Seneca Avenue

Located in the rapidly appreciating neighborhood of Ridgewood on the Brooklyn/Queens border, this lot measures 2500 SF with R6B/C2-4 zoning. With both a residential component and a commercial overlay, the development potential includes condos, a mixed use building with commercial on the ground floor, a multifamily apartment building or an attractive live-work arrangement for an entrepreneur interested in building and operating a business on the site. The max FAR, without an affordable housing component, is 2, allowing up to 5,000 SF build-able. An existing frame, two family building is situated at the rear of the lot and is in mint condition. The property is built 25 x 25 FT and can be delivered vacant. In addition to the building, there is parking for up to four vehicles with curb cut access. The property is nearby to multiple lines of transportation including the M train at Seneca and the L train at Dekalb as well as several bus lines, Wyckoff Heights Medical Center and Grover-Cleveland playground. The area has seen an influx of commercial and residential development in the recent years, including many incoming businesses on a national level such as Planet Fitness, Modells and Starbucks, which indicates future upside and anticipated growth for the area.