18-30 Madison St, Ridgewood, NY 11385
- $1,189,000
- List Price
- $1,189,000
- Days on Market
- 2
- Foreclosure
- Yes
- MLS#
- 1052522
- Status
- ACTIVE
- Property Type
- Triplex
- Year Built
- 1930
- Property Tax
- $19,554
- School District
- Queens24
- High School
- Grover Cleveland High School
- Jr. High
- Is 93 Ridgewood
- Elementary School
- Ps 71 Forest
Property Description
Welcome to 18-30 Madison Street, Ridgewood, NY. An excellent opportunity to own a large well-maintained six-family property in one of Queens’ most sought-after and vibrant neighborhoods. This property is in good condition and features numerous recent upgrades. The property currently generates approximately $110,000 in annual income and offers a cap rate of over 6.5%, making it an attractive opportunity for investors and young end-user or first-time multi-family buyer, this property offers the opportunity to live in one of the units while the rental income from the other apartments helps offset the mortgage and ownership expenses. Located in prime Ridgewood, with convenient access to transportation, shopping, restaurants, schools, and neighborhood amenities.
/u.realgeeks.media/4sre/021c84f8-a6d6-4f81-8346-66e9bc2819a9.png)
Additional Information
- Parking
- None
- Basement
- Full
- Heating
- Natural Gas
- Cooling
- Wall/Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Talaat A. Elkaray (talaat575@yahoo.com) from Listing Office: Keller Williams Landmark II.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.