1874 Madison St, Queens, NY 11385
New

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$1,380,000
Active for Sale
 
Listing ID 11382464
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood Flushing
School Queens 24
Total Tax $17,628
FEMA Flood Map fema.gov/portal
Year Built 1930
   
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Well maintained 6 family investment property.

Discover a meticulously maintained six-family investment property nestled in the vibrant heart of Ridgewood. Each spacious unit boasts three comfortable bedrooms and a well-appointed bathroom, providing an ideal living space for families. The property is conveniently situated near a variety of amenities, ensuring easy access to shopping, dining, and public transportation. All units are rent-stabilized. With excellent financials, this property is a prime opportunity for any investor looking to make a sound investment in a flourishing community.
Property Details
  • 6 Full Baths
  • 5700 SF
  • 2742 SF Lot
  • Built in 1930
  • 3 Stories
  • Available 12/01/2025
  • Lower Level: Unfinished
Unit Information
Unit #1 – Residential Income, Gross Area: 950, Bedrooms: 3, Full Baths: 1, Occupied
Unit #2 – RESIDENTIAL_INCOME, Gross Area: 950, Bedrooms: 3, Full Baths: 1, Occupied
Unit #3 – RESIDENTIAL_INCOME, Gross Area: 950, Bedrooms: 3, Full Baths: 1, Occupied
Unit #4 – RESIDENTIAL_INCOME, Gross Area: 950, Bedrooms: 3, Full Baths: 1, Occupied
Unit #5 – RESIDENTIAL_INCOME, Bedrooms: 3, Full Baths: 1, Occupied
Unit #6 – RESIDENTIAL_INCOME, Gross Area: 950, Bedrooms: 3, Full Baths: 1, Occupied
Interior Features
  • Ceramic Tile Flooring
  • Hardwood Flooring
  • Steam Radiators
  • Natural Gas Fuel
  • Natural Gas Avail
  • 100 Amps
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Asphalt Shingles Roof
  • Flat Roof
  • Municipal Water
  • Municipal Sewer
  • Fence
  • Near Bus
  • Near Train
Income/Expenses
  • Gross Income $140,000
  • Maintainence Exp $6,500
  • Insurance Exp $4,244
  • Heat Exp $5,007
  • Water Exp $5,964
  • Paid by Landlord: Heat, Gas, Water, Insurance, Ord. Maint.
Taxes and Fees
  • $17,628 School Tax
  • $17,628 Total Tax
Listed By
HOMEVITAL REALTY LLC
Office: 914-312-8186
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