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Madison Street
Ridgewood, Queens, NY
$1,250,000 Price
- Bedrooms   - Baths
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Photo 1 of Madison Street, Ridgewood, Queens, NY, $1,250,000, Web #: 829092Previous PhotoNext Photo1 of 17

Discover this meticulously maintained 6-family brick home in the heart of Ridgewood, Queens, a thriving and highly sought-after neighborhood bordering Brooklyn. This turnkey investment property features six thoughtfully and excellently renovated units, all fully occupied, ensuring immediate rental income. It is an exceptional opportunity to own a rent-stabilized,...

Discover this meticulously maintained 6-family brick home in the heart of Ridgewood, Queens, a thriving and highly sought-after neighborhood bordering Brooklyn. This turnkey investment property features six thoughtfully and excellently renovated units, all fully occupied, ensuring immediate rental income. It is an exceptional opportunity to own a rent-stabilized, income-producing 6-family brick building in the heart of Ridgewood, Queens, generating approximately $110,853 in annual rental income. This well-maintained property consists of six spacious 3-bedroom railroad-style units, all thoughtfully updated and fully occupied, ensuring consistent cash flow. Situated on a quiet, tree-lined street, this property offers a semi-finished basement, a private backyard, and close proximity to top-rated schools, diverse cultural experiences, and a vibrant local community. Conveniently located near the Forest Ave and Seneca Ave train stations, commuting to Manhattan and surrounding areas is a breeze. Ridgewood is known for its charming historic architecture, excellent school system, and strong rental demand, making this an ideal long-term investment. Whether you're expanding your portfolio or securing a steady income-producing asset, this 6-family gem is an opportunity not to be missed! Annual rent roll - $110,853 Expenses approximately - $38,000 between water, heat, insurance, and property taxes Location: Ridgewood, Queens (Brooklyn Border) Transit: Near Forest Ave & Seneca Ave Train Stations Features: 6 Renovated Units, Basement, Backyard Investment: Fully Occupied, Strong Rental Income

Listing courtesy of Alexiou Realty

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Ridgewood, Queens, NY
Type: Commercial
Price: $1,250,000
Date Listed: 2/27/2025
Web ID: 829092

Info & Amenities

Type: Commercial
Built: 1930

Map of Area for Madison Street

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