61-27 Madison st, Ridgewood, NY 11385

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$2,700,000 List Price
Off Market
 
Listing ID 10954927
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood Ridgewood
Total Tax $19,379
FEMA Flood Map fema.gov/portal
Year Built 1930
Virtual Tour

8 units Available in Ridgewood Only 2 blocks from the M train

Great Opportunity to add this 8 family to your portfolio, or If your looking to combine it to a 16 unit the property behind is also up for grabs .So you will have back to back Building on 2 lots being sold as well. Can be sold as a package deal. The property features 9200 sq ft of living space ,90 percent fully renovated .On a 36x100 lot, R6B zoning built in 1930 with low taxes. Very clean building and well maintained with lots of upside potential. The property features 2/3 Bedroom apartment and 6/4 Bedroom apartment. Full finish basement. with . All tenants are responsible for their own electric and cooking gas. Located in the Heart of Ridgewood only 2 Blocks from the M train. Call to schedule an exclusive viewing .
Property Details
  • 8 Full Baths
  • 9200 SF
  • 3600 SF Lot
  • Built in 1930
  • Renovated 2010
  • 4 Stories
  • Available 11/19/2020
  • Full Basement
  • 2400 Lower Level SF
  • Lower Level: Finished
  • Renovation: 95 percent has been fully Renovated
Unit Information
Unit #1 – Gross Area: 1152, Rent Price: 2600, Full Baths: 4, Half Baths: 1, Occupied
Unit #2 – Gross Area: 1152, Rent Price: 2600, Bedrooms: 4, Full Baths: 1, Occupied
Unit #3 – Gross Area: 1152, Rent Price: 1482, Bedrooms: 4, Full Baths: 1, Occupied
Unit #4 – Gross Area: 1152, Rent Price: 2600, Bedrooms: 4, Full Baths: 1, Occupied
Unit #5 – Gross Area: 1152, Rent Price: 1450, Bedrooms: 4, Full Baths: 1, Occupied
Unit #6 – Gross Area: 1152, Rent Price: 1523, Bedrooms: 3, Full Baths: 1, Occupied
Unit #7 – Gross Area: 1152, Rent Price: 1332, Bedrooms: 3, Full Baths: 1, Occupied
Unit #8 – Gross Area: 1152, Rent Price: 2600, Bedrooms: 3, Full Baths: 1, Occupied
Interior Features
  • Hardwood Flooring
  • Hot Water
  • Natural Gas Fuel
  • Natural Gas Avail
  • Wall/Window A/C
  • 110 Amps
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Rubber Roof
  • Municipal Water
  • Municipal Sewer
  • Street View
  • City View
  • Near Bus
  • Near Train
Income/Expenses
  • Gross Income $191,384
  • Net Income $158,958
  • Operating Exp $32,426
  • Insurance Exp $3,588
  • Heat Exp $4,588
  • Electric Exp $672
  • Water Exp $4,200
  • Misc Exp $19,379
  • Total Exp $32,426
  • Paid by Landlord: Heat, Water
Taxes and Fees
  • $19,379 Total Tax
Previously Listed By
ONE STOP MULTISERVICE INC
Office: 347-645-2004
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