Marcus & Millichap is pleased to present 19 Madison Avenue, Franklin Square, NY — an exceptional multifamily investment opportunity.
Situated on a 0.19-acre parcel, the subject property offers approximately 8,568 square feet of rentable space across eight well-maintained residential units. The unit mix includes two (2) one-bedroom apartments and six (6) two-bedroom apartments, catering to a diverse tenant base. The property includes an eight-car garage located at the rear, which is currently provided to tenants at no charge. This presents a potential opportunity for a new owner to generate additional income.
Strategically located in the heart of Franklin Square, the property enjoys proximity to a wide array of national and regional retailers, including Holiday Farms, Citibank, Wendy’s, Chase Bank, 7-Eleven, and many others. The surrounding area boasts robust demographics, with over 257,000 residents within a three-mile radius and an average household income exceeding $164,000.