18-30 Madison StreetRidgewood, NY 11385
Queens County
Description
Welcome to 18-30 Madison Street, Ridgewood, NY. An excellent opportunity to own a well-maintained large six-family property in one of Queens’ most sought-after and vibrant neighborhoods. This property is in good condition and features numerous recent upgrades. The property currently generates approximately $110,000 in annual income and offers a cap rate of over 6.5%, making it an attractive opportunity for investors and a young end-user / first-time multi-family buyer to live in one of the units while the rental income from the other apartments helps offset the mortgage and property expenses. Located in prime Ridgewood, with convenient access to transportation, shopping, restaurants, schools, and neighborhood amenities.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Multi Family
- Year built
- 1930
- Building area
- 5,600 Sq Ft
- Lot size
- 0.06 acres
- Days on market
- 1
- MLS® Listing#
- 1051986
Property Features
- Cooling
- Wall/Window Unit(s)
- Heating
- Natural Gas
- Basement
- Full
- Parking
- No Garage · None
- Construction
- Brick
- Utilities
- Natural Gas Available · Electricity Available · Electricity Connected · Natural Gas Connected · Sewer Available · Sewer Connected · Water Available · Water Connected
- Sewer
- Public Sewer
- Water source
- Public
Schools
- Elementary
- Ps 88 Seneca
- Middle
- Joseph F Quinn Intermediate School 77
- High
- Grover Cleveland High School
Financial Details
- Annual taxes
- $19,457
- Assessed value
- $373,500
- Parcel number
- 03462-0030
Listing Courtesy: Keller Williams Landmark II - 3478461200
Presented by: Talaat A. Elkaray
Fair Housing NoticeMore listings to consider
View similar listings View nearby listings$1,199,000
Similar5,600 Sq Ft
1881 Putnam AvenueRidgewood, NY 11385#1041101
Listing courtesy of Billion Homes Realty Corp
$1,200,000
Similar5,712 Sq Ft
295 Schaefer StreetBrooklyn, NY 11237#1029795
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$1,158,000
Similar4,875 Sq Ft
229 Stanhope StreetBrooklyn, NY 11237#992550
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$1,250,000
Similar7,468 Sq Ft
253 Saint Nicholas AvenueBrooklyn, NY 11237#950326
Listing courtesy of Keller Williams Rlty Landmark
$1,190,000
Nearby< 0.1 mi18 bd, 6 ba, 5,600 Sq Ft
1822 Putnam AvenueRidgewood, NY 11385#1042679
Listing courtesy of Compass Greater NY LLC
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1881 Putnam Avenue, Ridgewood, NY | $1,199,000 | — | — | 5,600 |
| 295 Schaefer Street, Brooklyn, NY | $1,200,000 | — | — | 5,712 |
| 229 Stanhope Street, Brooklyn, NY | $1,158,000 | — | — | 4,875 |
| 253 Saint Nicholas Avenue, Brooklyn, NY | $1,250,000 | — | — | 7,468 |
