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17-21 Madison St
Ridgewood, NY 11385

$900,000 USD

Apartments For Sale • 5,605 SF

Property Details

Property Type Apartments
Total Building Size 5,605 SF
Lot Size 0.06 AC
Building Class C
Year Built 1930
Cap Rate 4.16 %
Zoning R6B

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                5,600 SF 6 Family in Ridgewood 
                            
                                This opportunity offers investors the opportunity to acquire a fully rent-stabilized
                            
                                The asset is offered at an attractive $160 per square foot, providing strong in-place cash flow at a compelling basis
                            
                                All six apartments are rent stabilized and have been renovated throughout the years 
                            
                                Located on a quiet residential block, the property benefits from Ridgewood’s continued demand driven by its proximity to Bushwick
                            
                                17-21 Madison Street is well suited for investors seeking defensive yield, long-term cash flow, and exposure to a proven Queens multifamily market

Property Flyers

17-21 Madison Street OM _Ridgewood_

Cap Rate:

4.16 %

Amenities

24 Hour Access
Air Conditioning
Tenant Controlled HVAC
Heating
Smoke Free
Kitchen
Oven
Sprinkler System
Range
Tub/Shower
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	7 min	-	2.7 mi
Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road)	11 min	-	3.7 mi
Transit/Subway	Drive	Walk	Distance
Seneca Avenue (M - New York MTA Subway (The Subway))	1 min	2 min	0.1 mi
Forest Avenue (M - New York MTA Subway (The Subway))	2 min	6 min	0.3 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	2 min	7 min	0.3 mi
Halsey Street (L Line) (L - New York MTA Subway (The Subway))	3 min	12 min	0.6 mi
DeKalb Avenue (L Line) (L - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
LaGuardia	16 min	-	6.6 mi
John F Kennedy International	20 min	-	10.6 mi
Newark Liberty International	34 min	-	18.1 mi

Steve Reynolds 718-360-2993 Investment Property Realty Group

17-21 Madison St Ridgewood, NY 11385