59-22 Madison Street, Queens (Ridgewood), NY, 11385 | $1,995,000

Welcome home to a masterfully designed 20' wide and 55' deep 2-family brick townhouse on one of the most picturesque landmarked blocks in Ridgewood. Move right into this property, no work required, with a thoughtful layout and luscious interiors created by local favorites, Glickman Schlesinger Architects. With an eye towards modern design, historic preservation, and maximizing potential rental income, this home allows you to live large in a spacious, sunny and sumptuous space, and also get some assistance with the mortgage. The layout welcomes a variety of uses, and with a separate entrance into the garden level, also makes a fantastic work-from-home set up, perfect for artists, musicians, designers, or anyone that wants to live and work at the same address, but also enjoy a little separation between spaces.

Set back from the street with a charming front garden landscaped with native plantings, head up the front stoop into a vestibule that retains the best of the old and new, including the original restored ceramic tiles; hand-carved wood entrance doors and hardware; long leaf pine floors; wood wainscoting; and a banister, newel post and staircase that have been painstakingly returned to their original glory. All three levels offer soaring ceilings heights that give a wonderful sense of light and volume. The garden level is a loft-like open space with its own kitchenette and powder room, waiting for you to tailor it to your own needs. The parlor floor has been envisioned as a spacious two-bedroom apartment with a home office nook. The top floor is even larger with the addition of a third bedroom, treetop views, multiple skylights, and even higher ceilings. Both apartments feature oversized living rooms, 5-fixture bathrooms, your very own W/D, and a split AC system for daily comfort.

A chef's kitchen acts as the centerpiece of both apartments and includes white modern cabinetry with white Bolgheri marble countertops, Hansgrohe faucets, new stainless steel appliances including an induction range, and fantastic storage and counterspace. Both bathrooms feature the original claw-foot tubs re-glazed to perfection, augmented with the perfect modern addition of Cle and Argenta Ceramica tiles. Jewel-like unlacquered brass hardware by Oji Masanori add warmth and richness, and don't miss the walk-in shower. Wide and sturdy white-oak wood flooring adds a timeless elegance as well. The entire house is electric so very easy to add solar panels down the line should you dream of a greener future and additional cost savings down the line.

The open-concept garden level offers the owner a superb opportunity for a voluminous and convenient home office, an art or music studio, or additional living space with the perfect flow out to a pastoral garden that includes cherry and peach trees and incredible sky views due to the unique orientation of the property. Enjoying its own half-bath with the restored original cast-iron utility sink, plus a convenient kitchenette with stylish touches that include stainless-steel fronted cabinetry and white Bianco Pisanino stone countertops. Poured concrete floors and white-washed exposed brick add a rustic modern touch to this inviting space.

Surrounded by world-class dining and amenities in every direction, don't miss Plein Air, Rolo's, Hellbender, Sundown and Panini for dinner and cocktails; Bakeri, Variety and Honeymoon Caf for coffee; and an array of lunch and shopping experiences including Salty Lunch Lady, Mama Yoshi, Hetman, Foret Wine, Topos Bookstore and Forever Young. The Ridgewood Public Library is a stone's throw away. Transportation includes the M train at Forest Avenue. Overall property updates include all new electric, plumbing, HVAC, roof, skylights for top floor, water heaters, fa ade and stoop restoration, new water main and sump pump. Eye-catching chandeliers by local artist Lucy Pullen will remain, along with Cedar and Moss fixtures and a vintage Mid-Century pendant by Josef Hurka.

Features

  • Town: Queens
  • Amenities: Garden;
  • Rooms: 11
  • Laundry: InUnit
  • Year Built: 1901
  • Cooling: Central
  • Building Access : Walk-up
  • Service Level: Voice Intercom
  • Built Size: 20'x55'
  • OLR#: RPLU33423030650
  • Days on Market: 148 days
  • Website: https://www.raveis.com
    /prop/RPLU33423030650/5922madisonstreet_queens_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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59-22 Madison Street, Queens (Ridgewood), NY, 11385

$1,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,596,000 $1,596,000 $1,596,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.955% 6.612% 6.182%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,187 $10,088 $13,468
Total Monthly Payment $9,312 $10,213 $13,593

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.