1871 Madison ST, Ridgewood, NY 11385

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$1,400,000 List Price
Off Market
 
Listing ID 11023341
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood RIDGEWOOD
Total Tax $14,768
FEMA Flood Map fema.gov/portal
Year Built 1930
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6 Family in a Prime Location Ridgewood 1 Block from the M train

Great opportunity for this Brick 6 Family In Ridgewood Location is where you wanna be in Ridgewood in which it will be the New Williamsburg great opportunity to own This 6 Family brick building with 5600 sq ft of living space the property sits on a 27x100 lot only 2 blocks from the m train. The property feature 6 /3 bedroom Railroad apartment with lots of upside potential. The building is in diamond condition and is waiting for you to take over call to schedule a viewing at your convenience .
Property Details
  • 6 Full Baths
  • 5600 SF
  • 5600 SF Lot
  • Built in 1930
  • Renovated 2014
  • 3 Stories
  • Available 9/13/2021
  • Full Basement
Unit Information
Unit #1 – Gross Area: 933, Net Leasable Area: 933, Rent Price: 1064, Bedrooms: 3, Full Baths: 1, Occupied
Unit #2 – Gross Area: 933, Net Leasable Area: 933, Rent Price: 1452, Bedrooms: 3, Full Baths: 1, Occupied
Unit #3 – Gross Area: 933, Net Leasable Area: 933, Rent Price: 1462, Bedrooms: 3, Full Baths: 1, Occupied
Unit #4 – Gross Area: 4, Net Leasable Area: 933, Rent Price: 1137, Bedrooms: 3, Full Baths: 1, Half Baths: 1
Unit #5 – Gross Area: 933, Net Leasable Area: 933, Rent Price: 1093, Bedrooms: 3, Full Baths: 1, Half Baths: 1, Occupied
Unit #6 – Gross Area: 933, Net Leasable Area: 933, Rent Price: 1436, Bedrooms: 3, Full Baths: 1, Half Baths: 1, Occupied
Interior Features
  • Hardwood Flooring
  • Hot Water
  • 110 Amps
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Rubber Roof
  • Municipal Water
  • Municipal Sewer
  • Street View
  • Near Bus
  • Near Train
Income/Expenses
  • Gross Income $91,728
  • Net Income $57,600
  • Operating Exp $34,126
  • Insurance Exp $4,402
  • Heat Exp $6,557
  • Electric Exp $1,268
  • Water Exp $6,495
  • Misc Exp $280
  • Total Exp $34,126
  • Paid by Landlord: Heat, Water, Insurance
Taxes and Fees
  • $14,768 Total Tax
Previously Listed By
ONE STOP MULTISERVICE INC
Office: 347-645-2004
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