$1,450,000
Updated 7 years ago
Off Market

64-01 Madison Street

Ridgewood, Queens | 64th Street & 64th Street

18 Rooms8 Beds3 Baths3,800 Square FeetMulti-Family

$1,450,000
floors / apts2 / 2
Lot Size20'x100'
Built Size20'x55'
ZoneR5B
Building TypeHouse
RE Taxes$5,520
Price Per SF
$382

Outdoor space and views

  • Backyard
  • Terrace
  • Garden Views

Property Description for 64-01 Madison Street

INVESTMENT OPPORTUNITY - Secure Rental Income in 3 Family House - RIDGEWOOD -

This 3,800-square-foot Row House was built in 1910. Located on Madison Street and 64th. The three family building consist of two three-bedroom and one two-bedroom full floor apartments.

The Garden ground floor 3 bedroom apartment has a formal living room and open country kitchen & full bath. It's Master bedroom with private access to the 45-foot -deep backyard and outdoor terrace is amazing.

Both upstairs apartments have 15’ft Ceiling Heights!
The 1st Floor 3BR apartment and the 2nd Floor 2BR apartment features a frontal living room with deep window bays and storage on the sides, carved sleeping nook, built-in wardrobe, and a private entrance from the hallway. The back bedrooms have tranquil garden views, and the hallway include skylights.

The House is oozing with details, including stained glass windows, moldings galore, a carved wood staircase, wood floors, original stonewalls, renaissance cornice, and shutters.

Its current owner has beautifully preserved the home over the past 25 years. The iron fences, railings and gates remain intact facing a quiet block with evenly spaced trees on a Madison Street block that has only resident traffic.

This lot is 2000 square feet and has 20 feet of frontage. The lot is 100 feet deep. The building on this lot has two upper floors and one raised ground floor, for three families with one unit on each floor of the property, all 3 are residential units.

Ridgewood is a smart alternative for anyone looking to invest in an up-and-coming residential area. The neighborhood located along the Queens-Brooklyn boundary bordering East Williamsburg and Bushwick is architecturally distinguishable by the Romanesque Revival Row Houses, mostly Multifamily Houses with exposed golden-blonde brick facades and solid rock walls, rounded bay front windows, decorative pressed metal cornices and ornamented entryways.

Convenience is KEY: The M train will get you to Midtown in 30 minutes and the L train will get you to Union Square in about the same time. It is ONLY a 15 Minute drive from Manhattan. The neighborhood’s main shopping areas are on Myrtle Avenue and Fresh Pond Road.

General Information
Price: $1,450,000
Property Type: Multi-Family House
Residential Size: 3,800 Sq.Ft.
Price/sq. ft: $381
Taxes/year $5,519
Maintenance/year $3,000

Property Details
Rental Units: Three (3)units
Separate Units: 2x 3BR and 1x 2BR
Bedrooms: 8 Bedrooms
Full Bathrooms: 3 Bathrooms

Exterior and Lot Features
Lot Size: 2,000 Sq.Ft.
Lot Dimension: 20 x 100

Year Built: 1910
Style: Contemporary
Architecture: Row House Attached
House Size 20 x 55
Backyard 20 x 45

Heating and Cooling
Heat: Gas
Air Conditioning

Private viewing by appointment only.
[email protected]

Licensed Real Estate Broker
Stanton Wells & Stone LLC
[email protected]
Mobile: 917.397.0064
Office: 212.213.3411
Fax. 917.387.2011

Listing History for 64-01 Madison Street

Now
08/21/2016
POM by Craig P. Stone
Stanton Wells & Stone
2016

Building Details for 64-01 Madison Street

OwnershipMulti-Family
Building TypeHouse
AccessWalk-up
Year Built1910
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

Fresh Pond Rd
0.12 miles
Middle Village-Metropolitan Av
0.39 miles
Forest Av
0.47 miles

Contact Agent

Contact Agent

Craig Stone
Stanton Wells & Stone

Ridgewood | Queens

Quick Profile

Unique for being a symbolic and literal bridge between Brooklyn and Queens, Ridgewood incorporates both distinct elements of these boroughs into its persona. Originally considered part of Brooklyn, the neighborhood broke off with Bushwick in the 1700s at a point called, appropriately, Arbitration Rock. When the blackout of 1977 occurred, the residents of Ridgewood only further wanted to dissociate themselves from their Bushwick neighbors as the bedlam that ensued in between the looting and the riots made them feel just a tad superior. 

And yet, just because its zip code changed didn’t mean Ridgewood could ever fully break free from its proximity and entwined identity with Bushwick. Pegged as the next “it” destination and hipster haven to move to circa 2016, Ridgewood has surprised many with its steady pace of growth, therefore well-maintained “neighborhood” feel. 

Rife with quiet blocks filled with quaint, colorful buildings, Ridgewood offers the bodegas and local businesses one also expects of “old world” Brooklyn. An increase in the number of coffee shops, bars and DIY venues have continued its natural association with Bushwick, however, the deeper into the neighborhood you go, the more apparent it becomes that Ridgewood is very much its own very Queensian thing. 

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 61921TH