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 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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

 

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