For Sale

Listed by Cecille Lagan from Triumph On Site LLC

Source: OneKey #3480466

18-51 Madison Street, New York, NY, 11385

$2,900,000

8
4
6250 sq. ft.
2500 sq. ft.

MultiFam

30+ days on the market

What's around 18-51 Madison Street

About this property

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.

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