4
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Listing Courtesy of Triumph Property Group Ltd
$2,500,000
Est. payment /mo
6,250 SqFt
Active
1851 Madison Street Queens, NY 11385
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,250 sqft
Price per Sqft $400
Subdivision Ridgewood
MLS Listing ID RLS11018709
Style Prewar,Walk-Up
HOA Y/N No
Year Built 1971
Annual Tax Amount $27,988
Property Sub-Type Multi Family
Property Description
Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgrade in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities and 50% of the property taxes and you have the makings of an investment property that you can hold for years to come.
Location
State NY
County Queens
Interior
Equipment Intercom
Fireplace No
Laundry See Remarks
Exterior
Private Pool No
Building
Story 4
New Construction No
Others
Ownership None
Monthly Total Fees $2, 332
Pets Allowed Building Yes, Yes
RLS Data display by Coastal Property Advisors