17-21 Madison St - Apartments FOR SALE


Ridgewood, NY 11385
$900,000 USD
718-360-2993
17-21 Madison St, Ridgewood, NY for Sale
$900,000 USD
Apartments - FOR SALE
1/15
null | 4.16% Cap Rate

17-21 Madison St
Ridgewood, NY 11385


HIGHLIGHTS

  • 5,600 SF 6 Family in Ridgewood
  • This opportunity offers investors the opportunity to acquire a fully rent-stabilized
  • The asset is offered at an attractive $160 per square foot, providing strong in-place cash flow at a compelling basis
  • All six apartments are rent stabilized and have been renovated throughout the years
  • Located on a quiet residential block, the property benefits from Ridgewood’s continued demand driven by its proximity to Bushwick
  • 17-21 Madison Street is well suited for investors seeking defensive yield, long-term cash flow, and exposure to a proven Queens multifamily market

OVERVIEW

Investment Property Realty Group (IPRG) ) has been exclusively retained to sell 17-21 Madison Street. This opportunity offers investors the opportunity to acquire a fully rent-stabilized, six-unit multifamily building in the heart of Ridgewood, Queens, one of New York City’s most consistent and supply-constrained rental markets. The asset is offered at an attractive $160 per square foot, providing strong in-place cash flow at a compelling basis. All six apartments 100 are rent stabilized and have been renovated throughout the years, creating a durable income stream with historically low turnover and predictable operating performance. Located on a quiet residential block, the property benefits from Ridgewood’s continued demand driven by its proximity to Bushwick, expanding retail corridors, and convenient access to public transportation. The neighborhood’s long-term tenant base and limited new multifamily supply support stable occupancy and resilient collections. 17-21 Madison Street is well suited for investors seeking defensive yield, long-term cash flow, and exposure to a proven Queens multifamily market at an attractive entry point.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

6

PRICE/UNIT

$150,000

CAP RATE

4.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

03457-0047

ASK ABOUT THIS PROPERTY

Steve ReynoldsInvestment Property Realty GroupMore Info
718-360-2993

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Steve ReynoldsInvestment Property Realty GroupMore Info
718-360-2993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.