1717 Madison St - Apartments FOR SALE


Flushing, NY 11385
$2,095,000 USD
917-859-5332
1717 Madison St, Flushing, NY for Sale
$2,095,000 USD
Apartments - FOR SALE
1/4
null | 5.07% Cap Rate

1717 Madison St
Flushing, NY 11385


HIGHLIGHTS

  • Prime Ridgewood location
  • Mostly Free Market
  • Upside opportunity

OVERVIEW

Fantastic investment prospect: 6 family building with only 2 rent-stabilized (RS) and 4 free-market (FM) apartments with month to month agreements. Current cap rate is 5% and with added improvement it is expected 7%. Blooming location in the heart of the trendiest Ridgewood, next to Rolo’s, Pierogi Boys, Everyone yoga and many other local favorites. Whole Foods is opening 2 blocks away.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

6

PRICE/UNIT

$349,167

CAP RATE

5.07%

% 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

2,742 SF

ZONING

R6B

APN/PARCEL ID

03457-0051

ASK ABOUT THIS PROPERTY

Tatiana ShreiderCompassMore Info
917-859-5332

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Tatiana ShreiderCompassMore Info
917-859-5332

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