18-30 Madison StreetRidgewood, NY 11385

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

9

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