19 Madison Ave - Multi-Family FOR SALE


Franklin Square, NY 11010
$2,200,000 USD
212-430-5196
19 Madison Ave, Franklin Square, NY for Sale
$2,200,000 USD
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

19 Madison Ave
Franklin Square, NY 11010


HIGHLIGHTS

  • Situated on a 0.19-acre parcel, the subject property offers approximately 8,568 square feet of rentable space across eight well-maintained residential
  • The unit mix includes two (2) one-bedroom apartments and six (6) two-bedroom apartments, catering to a diverse tenant base.
  • The property includes 8-car garage located at the rear currently provided to tenants at no charge. Opportunity for a new owner to generate more income

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$257 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19 Madison Ave, Franklin Square, NY

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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