Property

Ownership: For Sale
Type: Townhouse
Rooms: 25
Bedrooms: 18 BR
Bathrooms: 6
Pets: Pets No

Financials

Price:$1,098,000
Annual Taxes:$19,032.20
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Alexiou Realty

Description

New Exclusive Listing Introducing 1830 Madison St, Ridgewood, NY 11385 Asking price - $1,149,000 Solid Rent-Stabilized 6-Family Brick Building in Ridgewood - Prime Investment Opportunity! Property boasts 5,600 sq ft of livable space Exceptional opportunity to own a rent-stabilized, income-producing 6-family brick building in the heart of Ridgewood, Queens, generating approximately $111,000 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. Nestled in a high-demand rental market, this building is situated in a beautiful and diverse neighborhood, known for its excellent school system and strong community appeal. Residents enjoy easy access to public transportation, with the Forest Ave and Seneca Ave train stations nearby, making commuting to Manhattan and Brooklyn seamless. With Ridgewood's rising popularity and stable rental market, this property presents an excellent long-term investment with strong upside potential. Don't miss this rare opportunity to own a solid, income-generating asset in one of NYC's most desirable locations! Location: Ridgewood, Queens (Brooklyn Border) Units: 6 Spacious 3-Bedroom Railroad Apartments Income: Approx. $111,000 Annual Rental Income • Transit: Near Forest Ave & Seneca Ave Train Stations ~ Investment: Rent-stabilized, Fully Occupied, strong Growth Potential Income approximately - $111,000 Expenses - $38,000

Amenities

  • Cable - Available
  • Electricity Available
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Available
  • Phone Available
  • Sewer Available
  • Stainless Steel Appliance(s)
  • Trash Collection Public
  • Underground Utilities

New Exclusive Listing Introducing 1830 Madison St, Ridgewood, NY 11385 Asking price 1, 149, 000 Solid Rent Stabilized 6 Family Brick Building in Ridgewood Prime Investment Opportunity !


Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.