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1851 Madison Street

Ridgewood   |   Woodbine Street & Madison Street
Listing ID: 91013TH

  • $ 2,500,000
  • Bedrooms
  • Bathrooms
  • Low-RiseBuilding Type
  • 6,250/581 Approx. SF/SM
  • Details
    • Mixed UseOwnership
    • $ 27,988Anual RE Taxes
    • 25'''x100'''Building Size
    • 25'1''x100'Lot Size
    • Year Built
    • ActiveStatus
  • Description

  • Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgrade in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities and 50% of the property taxes and you have the makings of an investment property that you can hold for years to come.

    Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgrade in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities and 50% of the property taxes and you have the makings of an investment property that you can hold for years to come.

    Listing Courtesy of Triumph Property Group
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  • Features
    • A/C
  • Outdoor
    • Patio
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