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1854 Madison St
Ridgewood, NY 11385

$1,750,000 USD

Apartments For Sale  •  5,700 SF

Property Details

• Property Type Apartments
• Total Building Size 5,700 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1930
• Zoning R6B

100 Transit Score

100 Walk Score

Highlights

Pro Forma 10% CAP

5 fully deregulated apartments offering long-term rent growth potential.

Current rents well below market create strong potential for income growth without renovations.

Apartment renovations will significantly boost rents and NOI.

Minutes away from Bushwick, Williamsburg, and Greenpoint.

Extremely well maintained with very little cap ex required.

Property Flyers

1854 Madison

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)	9 min	-	3.0 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)	10 min	-	3.9 mi
Transit/Subway	Drive	Walk	Distance
Forest Avenue (M - New York MTA Subway (The Subway))	1 min	4 min	0.2 mi
Seneca Avenue (M - New York MTA Subway (The Subway))	2 min	4 min	0.2 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	3 min	9 min	0.5 mi
Fresh Pond Road (M - New York MTA Subway (The Subway))	3 min	11 min	0.6 mi
Halsey Street (L Line) (L - New York MTA Subway (The Subway))	4 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
LaGuardia	16 min	-	6.5 mi
John F Kennedy International	20 min	-	10.7 mi
Newark Liberty International	34 min	-	18.1 mi