18-51 Madison Street

New York NY 11385

6250 sq. ft.

2500 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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 upgraded 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 (plus 50% of the annual increases in property taxes and water) and you have the makings of an investment property that you can hold for years to come.

Features

8 bedrooms

4 bathrooms

6250 sq. ft. floor area

2500 sq. ft. lot size

Multi-Family

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Local market activity for 8 bedroom multi families in New York

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Cecille Lagan

at Triumph On Site LLC

View listing

Sales:: (619) 566-0008

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