New York Real Estate Journal

EPIC sells Ridgewood Apartment building for $1.15 million

October 20, 2014 - Brokerage
EPIC Commercial Realty, formerly Itzhaki Properties, arranged the sale of 559 Seneca Ave. Located on a tree lined block between Bleecker and Menahan Sts., the three-story, walk-up, six-unit apartment building was delivered with only one vacancy. The building was in incredible condition with most of its apartments recently renovated to have exposed brick and modern kitchens creating a fusion of the historic charm of Ridgewood with modern luxury. 559 Seneca Ave is found in Ridgewood close to the Bushwick boarder, just four blocks from the Seneca Ave M train stop. The property is found in a part of Ridgewood that is full of mom and pop shops, a characteristic the neighborhood is known for. Not only is the property surrounded by plenty of retail but there are four schools and three playgrounds all within walking distance. "We have been seeing many Bushwick investors making aggressive offers all over Ridgewood as the rental market in Ridgewood grows stronger. We sent out a contract within 24hrs of bringing in this deal. We see only good things in the future for Ridgewood," said Baruch Edelkopf. The sale was brokered for $1.15 million by EPIC CEO Yona Edelkopf and sales associates Baruch Edelkopf & Mike Rybinskov.