Great opportunity to invest in two prime buildings located in the heart of Queens!


Property

Website:https://www.nestseekers.com/3461067
Address:
61-19 Madison St
Queens, NY 11385
Cross street:Fresh Pond Rd.
Ownership: income-property
Type: Multi-Family
Rooms: 56
Bedrooms: 31 BR
Bathrooms: 9
Pets: Pets Allowed
Area: 9200 sq ft
Lot Size: 3600 sq ft

Financials

Price: $2,260,000
Annual Taxes: $22,405

Description

Imagine owning a slice of the vibrant and lucrative New York City real estate market! We’re thrilled to present you with an exclusive opportunity to invest in two prime buildings located in the heart of Queens, offering unparalleled potential for substantial returns.

Strategic Location: Both properties are strategically situated in Ridgewood and Woodside, two of the most sought-after neighborhoods, in one of the most sought after boroughs in New York City!

Proven Income: With a combined gross income of $388,344.60, these buildings generate consistent and substantial rental revenue. With room for additional revenue!

Solid NOI: The Net Operating Income of $276,543.88 demonstrates the potential for strong and stable returns.
Diverse Tenant Base: Enjoy a diverse and reliable tenant base, contributing to the stability and resilience of your investment.

This is your chance to enter the New York City real estate market with confidence and secure a steady stream of income. Don’t miss out on this exclusive opportunity to become a part of the thriving real estate landscape in Queens.

For more detailed financials, property insights, or to schedule a private consultation, please email or call us directly. Seize this opportunity to diversify your portfolio and achieve your investment goals in the iconic city that never sleeps!

This building is part of a package deal. The other location is 61-19 Madison Street. The total asking price is $4,650,000 at a 6% CAP rate.

Amenities

  • combined apartment
  • corner-apartment
  • Hardwood Floors
  • Investment Property

Exposures

  • North
  • South

Contact

Phone: 914-282-8898
Chris Johnson
Licensed Real Estate Salesperson
Licensed as Christopher Johnson
Harshit Bhalla
Licensed Real Estate Salesperson
Mobile: +15164602623
Bianca D'Alessio
Licensed Associate Real Estate Broker
505 Park Ave, New York, NY 10022

61-19 Madison St, Flushing, NY 11385, USA