Skip To Content

1868 Madison Street , #6

Ridgewood, NY 11385
  • $1,599,999
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 3540916
$1,599,999
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

Description

This well-maintained brick three-story legal six-family property offers a great investment opportunity. Each of the six units features three bedrooms, providing ample space and comfort for tenants. All units are rent stabilized, ensuring stable rental income. The property's prime location offers easy access to train and bus stations, making commuting a breeze. With a commute time of only 45 minutes to Manhattan, this property presents an excellent opportunity for investors seeking a lucrative investment in a desirable location. Don't miss out on this exceptional opportunity.

Monthly Payment Calculator



© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-04-04T00:20:17.33.
www.searchlongislandrealestate.com/homes/149015030
Print Image

1868 Madison Street , #6 Ridgewood, NY 11385

  • Price: $1,599,999
  • Status: Active
  • On Site: 19 Days
  • MLS #: 3540916
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1930
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Property Description
This well-maintained brick three-story legal six-family property offers a great investment opportunity. Each of the six units features three bedrooms, providing ample space and comfort for tenants. All units are rent stabilized, ensuring stable rental income. The property's prime location offers easy access to train and bus stations, making commuting a breeze. With a commute time of only 45 minutes to Manhattan, this property presents an excellent opportunity for investors seeking a lucrative investment in a desirable location. Don't miss out on this exceptional opportunity.
Exterior Features

Construction Materials Brick Cross Street Onderdonk Ave Overhead Door 0 Stories Total 3

Interior Features

Cooling None Cooling YN No Heating Natural GasHot Water

Property Features

Building Size 27.5X69 Current Use Residential Gross Income 129868 Maintenance Repairs Expense 6000 MLSArea Minor 10 Net Operating Income 89893 Operating Expense 39974 Property Sub Type Mixed Use Sewer Sewer Tax Annual Amount 17297 Tax Annual Amount1 17297 Zoning Description R6B

Listing courtesy of Mario Ciampa of Ciampa Realty Group LLC: 516-551-4010
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-04-04T00:20:17.33.
 
https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_2_3540916-2.jpg https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_2_3540916-2.jpg https://bt-photos.global.ssl.fastly.net/wpmls/1280_boomver_2_3540916-2.jpg
Logo
Douglas Elliman Real Estate
1772 E. Jericho Turnpike
Huntington NY, 11747