6424 Madison St - Apartments FOR SALE


Ridgewood, NY 11385
$1,138,000 USD
718-268-5588
6424 Madison St, Ridgewood, NY for Sale
$1,138,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

6424 Madison St
Ridgewood, NY 11385


OVERVIEW

Welcome to 64-24 Madison Street, a well-maintained brick multi-family building located in the heart of Ridgewood, Queens. Situated on a spacious 32 x 100 lot, this three-story property features six residential units, each with a classic railroad-style layout. Each story provides two apartments each with multiple bedrooms, kitchen, living room, and a full bathroom. The building also provides a full unfinished basement with access to the back yard. Five out of six units are currently occupied, owner's unit to be delivered vacant - potential for an additional $25k in annual revenue. Located just moments from the Fresh Pond Road subway station (M Train) and multiple bus lines, commuting is convenient and efficient. The surrounding neighborhood is rich with amenities, including local schools, shopping, and places of worship, all within easy reach. This is a rare opportunity to own a sizable, income-generating property in one of Ridgewood’s most desirable locations.

FOR SALE DETAILS

PRICE

$1,138,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

6

PRICE/UNIT

$189,667

CAP RATE

Request Cap Rate

% LEASED

-

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

0.07 AC

LAND SF

3,049 SF

ZONING

R6B

APN/PARCEL ID

03619-0059

ASK ABOUT THIS PROPERTY

Etan HakimiMitra Hakimi Realty Group, LLCMore Info
718-268-5588

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Etan HakimiMitra Hakimi Realty Group, LLCMore Info
718-268-5588

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