Active
1851 Madison Street
Queens NY, 11385
$2,550,000
$408.00 per sqft
Active
6,250 sqft
Multi-family
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.
OLRS-0091013
MLSⓇ ID
October 30, 2024
Listed
December 9, 2024
Updated
Map
1851 Madison Street
Queens NY, 11385
Interior Features
Total Stories
4
Laundry Description
See Remarks
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.06 Acres
Architectual Style
Prewar, Walk-Up
Other Property Details
Taxes
$27,988
Tax Frequency
Annually
Garage
No
View
No
County
Queens
Pool
No
Listing History
Date | Event | Price |
---|---|---|
12/9/2024 | Price change | $2,550,000 -9% |
Listed by Althea Ffrench with Triumph Property Group Ltd
Listing Contact: (164) 681-27655
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 12/9/2024 at 5:41 PM UTC