1830 madison st, Ridgewood, NY, 11385
$1,098,000
Townhouse
For Sale
18 Beds
, 6 Full Bath
, 5600 SqFt
Details
ML#: 893561
- Style: Other
- Year Built: 1930
- Taxes: $19,032
- Status:Active
Description
New Exclusive ListingIntroducing 1830 Madison St, Ridgewood, NY 11385Asking price - $1, 149, 000Solid Rent-Stabilized 6-Family Brick Building in Ridgewood - Prime Investment Opportunity!Property boasts 5, 600 sq ft of livable spaceExceptional opportunity to own a rent-stabilized, income-producing 6-family brick building in the heart of Ridgewood, Queens, generating approximately $111, 000 in annual rental income. This well-maintained property consists of six spacious 3-bedroom railroad-style units, all thoughtfully updated and fully occupied, ensuring consistent cash flow.Nestled in a high-demand rental market, this building is situated in a beautiful and diverse neighborhood, known for its excellent school system and strong community appeal.Residents enjoy easy access to public transportation, with the Forest Ave and Seneca Ave train stations nearby, making commuting to Manhattan and Brooklyn seamless.With Ridgewood’s rising popularity and stable rental market, this property presents an excellent long-term investment with strong upside potential. Don’t miss this rare opportunity to own a solid, income-generating asset in one of NYC’s most desirable locations!Location: Ridgewood, Queens (Brooklyn Border)Units: 6 Spacious 3-Bedroom Railroad ApartmentsIncome: Approx. $111, 000 Annual Rental Income• Transit: Near Forest Ave & Seneca Ave Train Stations - Investment: Rent-stabilized, Fully Occupied, strongGrowth PotentialIncome approximately - $111, 000Expenses - $38, 000
More Property Details
Bedroom: 18
Full Bath: 6
Other: 1
Approx. Int. Sq. Ft.: 5600.00
Heat: Hot Water
A/C: Central Air
Water: Public
Sewer: Public Sewer
Taxes: $19,032
School District#: 1
Listing Information provided courtesy of
Alexiou Realty
718-204-0101