Welcome to 18-30 Madison Street, Ridgewood, NY. An excellent opportunity to own a well-maintained large 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 a young end-user / first-time multi-family buyer 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.
Property Features
Utilities
Natural Gas Available
Electricity Available
Electricity Connected
Natural Gas Connected
Sewer Available
Sewer Connected
Water Available
Water Connected
Parking
No Garage
None
Cooling Information
Wall/Window Unit(s)
Heating Information
Natural Gas
Water Features
Public
Basement
Full
School Information
School Information for 18-30 Madison Street, Ridgewood, NY 11385
Elementary School
Ps 88 Seneca
Middle School
Joseph F Quinn Intermediate School 77
High School
Grover Cleveland High School
Listing Courtesy: Keller Williams Landmark II - 347-846-1200