Price Reduced 8.93%
Listing courtesy of Triumph Property Group
Price History
$2,800,000
10/30/2024
$2,550,000
12/9/2024
1851 Madison Street, Queens, (Ridgewood), NY, 11385
0 beds
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.
Status:
Active
Town:
Queens
Type:
Commercial
Building Type:
Low-Rise
Cooling:
Unknown Type
Levels:
4
Building Access:
Walk-up
Service Level:
Voice Intercom
Built Size:
25'x100'
OLR #:
0091013
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