1856 Madison ST, Ridgewood, NY 11385
1856 Madison ST, Ridgewood, NY 11385
1856 Madison ST, Ridgewood, NY 11385
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$1,880,000
Est. payment /mo
2,739 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1011465

Rental Info No

Year Built 1930

Annual Tax Amount $19,457

Lot Size 2,739 Sqft

Acres 0.0629

Property Sub-Type Multi Family

Source onekey2

Property Description

Best opportunity to own a beautiful 6-family property in the heart of Queens!
The property features six spacious 3-bedroom apartments along with a full basement.
A strong 7% ROI on rental income( 3 Rent Stabilized )
Measuring 27.5X69 feet on a 27.5X100 foot lot, Close to train station and all. Q58 bus station is right in front of the building.The property is surrounded by a diverse mix of cafes, restaurants, shopping centers, grocery stores Etc. And It is just a 2-minute walk to Key Food.
NET Operating Income around $135,000.
Cash Flow Awaits!

Location

State NY

County Queens

Rooms

Basement Finished

Interior

Heating Natural Gas

Cooling Electric

Fireplace No

Exterior

Parking Features None

Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Trash Collection Public, Water Available

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 88 Seneca

High Schools Queens24

School District Queens24

Others

Special Listing Condition None


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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Sany Realty Group LLC • Yan Wang

NEARBY SCHOOLS & PROPERTIES

Arif Baksh

The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

+1(914) 494-1549

arif@asarealestategroup.com

399 Knollwood Rd, White Plains, NY, 10603-1937, USA

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1856 Madison ST