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Khalil Weathers

khalilw@kw.com +1(516) 990-2899

$1,189,000

Est. payment - /mo

2,726 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1051986

Rental Info No

Year Built 1930

Annual Tax Amount $19,457

Lot Size 2,726 Sqft

Acres 0.0626

Property Sub-Type Multi Family

Source onekey2

Property Description

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 property expenses. Located in prime Ridgewood, with convenient access to transportation, shopping, restaurants, schools, and neighborhood amenities.

Location

State NY

County Queens

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps 88 Seneca

Middle Schools Joseph F Quinn Intermediate School 77

High Schools Queens24

School District Queens24

Others

Special Listing Condition Real Estate Owned

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Keller Williams Landmark II • Talaat A. Elkaray

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Khalil Weathers

+1(516) 990-2899

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18-30 Madison ST Ridgewood, NY 11385

Khalil Weathers

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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18-30 Madison ST