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.
Property Type: Multi-Family House
Residential Size: 3,800 Sq.Ft.
Price/sq. ft: $381
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
Architecture: Row House Attached
House Size 20 x 55
Backyard 20 x 45
Heating and Cooling
Private viewing by appointment only. [email protected]
Licensed Real Estate Broker
Stanton Wells & Stone LLC[email protected]