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  • Prime 8-Unit Rent-Stabilized Building in Ridgewood - 2 Blocks from the M trainIntroducing a rare investment opportunity in the heart of Ridgewood, Queens. This well-maintained 8-family brick building offers 9, 200 sq ft of living space on a 36x100 lot, zoned R6B. Built in 1930 and substantially renovated in 2020, approximately 90% of the building has been updated with modern finishes while retaining its pre-war charm. The property consists of 1 three-bedroom unit and 7 four-bedroom units, all rent-stabilized, providing steady and reliable cash flow. Tenants are responsible for their own electric and cooking gas, while the landlord covers heat, water, and insurance. Recent upgrades include a full finished basement, updated interiors, and ongoing maintenance that ensures minimal near-term capital expenses. Situated just two blocks from the M train, the property is within walking distance to shops, dining, and essential services, making it a desirable address for tenants. the property offers both stable income and upside potential through continued rent increases in one of NYC’s most desirable rental submarkets. Investment Highlights 8 residential units - mix of 1 x 3BR and 7 x 4BR Rent-Stabilized with reliable long-term tenants Gross Income: $191, 364 Net Income: $141, 964 90% Renovated (modernized interiors, new finishes) Low Maintenance: Professionally managed, clean, and well-kept Transit-Oriented Location: 2 blocks to M train; 30 minutes to Manhattan Upside: Strong demand in Ridgewood + potential package deal with 12 Family In Woodside with an NOI $170K inquire within for more details. Combine with both building will leave you with a total NOI $312K at $5, 050, 000 That will leave you at a 6% Cap Rate . 43
    6119 Madison Street Ridgewood, NY 11385
    $2,200,000
    Multi Family Commercial ML# 901129
    Prime 8-Unit Rent-Stabilized Building in Ridgewood - 2 Blocks from the M trainIntroducing a rare investment opportunity in the heart of Ridgewood, Queens. This well-maintained 8-family brick building offers 9, 200 sq ft of living space on a 36x100 lot, zoned R6B. Built in 1930 and substantially renovated in 2020, approximately 90% of the building has been updated with modern finishes while retaining its pre-war charm. The property consists of 1 three-bedroom unit and 7 four-bedroom units, all rent-stabilized, providing steady and reliable cash flow. Tenants are responsible for their own electric and cooking gas, while the landlord covers heat, water, and insurance. Recent upgrades include a full finished basement, updated interiors, and ongoing maintenance that ensures minimal near-term capital expenses. Situated just two blocks from the M train, the property is within walking distance to shops, dining, and essential services, making it a desirable address for tenants. the property offers both stable income and upside potential through continued rent increases in one of NYC’s most desirable rental submarkets. Investment Highlights 8 residential units - mix of 1 x 3BR and 7 x 4BR Rent-Stabilized with reliable long-term tenants Gross Income: $191, 364 Net Income: $141, 964 90% Renovated (modernized interiors, new finishes) Low Maintenance: Professionally managed, clean, and well-kept Transit-Oriented Location: 2 blocks to M train; 30 minutes to Manhattan Upside: Strong demand in Ridgewood + potential package deal with 12 Family In Woodside with an NOI $170K inquire within for more details. Combine with both building will leave you with a total NOI $312K at $5, 050, 000 That will leave you at a 6% Cap Rate .
    Presented By: One Stop Multi Service Inc  718-554-0257
    Call Today: or  Email: Liberty Realty
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Victor Jalinos
Victor Jalinos
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Victor Jalinos Licensed Associate Real Estate Broker Office: 201-610-1010 Cell: 201-394-1537 Fax: 201-526-4520 1 MARINE VIEW PLAZA, HOBOKEN, New Jersey, 07030
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