1851 Madison Street

New

$2,500,000

6,250 sqft
1851 Madison Street New York City, NY

2126

Home61's Closings in

Miami, FL

Amenities

Air Conditioning
N/A
Central Heat
N/A
Refrigerator
N/A
Dishwasher
N/A
Washer
N/A
Walk-In Closets
N/A
Water View
N/A
Pool
N/A
Fence
N/A
Garage
N/A
Barbecue
N/A
Impact Windows
N/A

Key features

Living area
6,250 sqft
Lot size
N/A
Tax
$ 27,988
$ /sqft
$ 400
Tenant Occupied
No
Parking Space
0
Building
Ridgewood
On market
1 day
$ /sqft
$ 400
Type
other
Year Built
1971
Unit
-
Zip Code
11385
Ref./MLS ID
RLS20019817

DESCRIPTION

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.  


Data is provided by The Real Estate Board of New York, Inc..

Listed on April 29, 2025 by Althea E Ffrench from Triumph Property Group Ltd, this other is for sale. other for sale in New York City listed at $2,500,000, Reference RLS20019817

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