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Ridgewood,NY 11385
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY840839
Bedrooms 18
Full Baths 6
Year Built 1930
Annual Tax Amount $19,032
Property Sub-Type Quadruplex
Property Description
New Exclusive Listing
Introducing 1830 Madison St, Ridgewood, NY 11385
Asking price - $1,250,000
Solid Rent-Stabilized 6-Family Brick Building in Ridgewood - Prime Investment Opportunity!
Property boasts 5,600 sq ft of livable space
Exceptional 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 Apartments
Income: Approx. $111,000 Annual Rental Income
• Transit: Near Forest Ave & Seneca Ave Train Stations ~ Investment: Rent-stabilized, Fully Occupied, strong
Growth Potential
Income approximately - $111,000
Expenses - $38,000
Location
State NY
County Queens
Interior
Heating Hot Water
Cooling Central Air
Exterior
Utilities Available Cable Available,Natural Gas Available,Phone Available,Sewer Available,Trash Collection Public,Underground Utilities
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None