NY > Queens > Ridgewood
Queens, NY 11385,1851 Madison Street
Queens, NY 11385,1851 Madison Street
Queens, NY 11385,1851 Madison Street
4
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$2,500,000
Est. payment /mo
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6,250 SqFt
Active

1851 Madison Street Queens, NY 11385

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,250 sqft

Price per Sqft $400

Subdivision Ridgewood

MLS Listing ID RLS20045233

Style Prewar,Walk-Up

HOA Y/N No

Year Built 1971

Annual Tax Amount $27,988

Property Sub-Type Multi Family

Property 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.

Location

State NY

County Queens

Interior

Equipment Intercom

Fireplace No

Laundry See Remarks

Exterior

Exterior Feature Private Outdoor Space Under 60 Sqft

Porch Patio

Private Pool No

Building

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 03470-0054

Ownership None

Monthly Total Fees $2, 332

Pets Allowed Building Yes, Yes

REBNY IDX
RLS Data display by Manhattan Miami Real Estate

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Anthony Guerriero

Anthony Guerriero

Broker

+1(646) 376-8752

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1851 Madison Street

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