Ridgewood 6-Fam.

18-74 Madison Street, Ridgewood, NY

$1,388,888

Price

7.02%

Cap Rate

$97,537

NOI

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Street
Map
Overview
Cap Rate
7.02%
NOI
$97,537
Building Size
5,700 sqft
Lot Area
0.0629 acres
Occupancy
100%
Units
6
Year Built
1930
Floors
4
Description

Introducing an exceptional opportunity in Ridgewood, this multifamily gem boasts a 5,700 SF, 6-unit building, offering a stable and fully occupied investment. Built in 1930 and zoned R6B, this property presents an alluring option for the discerning mid-rise investor. With 100% occupancy, this building underscores promising income potential in a prime Ridgewood location. An enticing prospect for those seeking a robust addition to their multifamily investment portfolio.

Located in Prime Ridgewood on Madison Street, between Onderdonk Ave. & Woodward Ave. One block away from the Forest Ave. M-train subway station.

Highlights
  • - 5,700 SF multifamily building
  • - 6 units for stable income
  • - Built in 1930
  • - Zoned R6B for development potential
  • - Prime Ridgewood location
  • - Ideal for mid-rise investment
  • - Strong income potential
  • - Stable 100% occupancy
Documents
Location
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