$2,250,000
Updated 6 years ago
Off Market

1709 Madison Street

Queens | Cypress Ave & Seneca Ave

30 Rooms12 Beds6 Baths5,600 Square FeetIncome Property

$2,250,000
floors / apts4 / 6
Lot Size27'x100'
Built Size27'x68'
ZoneR6B
Building TypeLow-Rise
RE Taxes$15,082
Price Per SF
$402

Property Description for 1709 Madison Street

VACANT - Prime Ridgewood Investment Opportunity! This turn-key, six unit, brick building is the perfect addition to your portfolio or first investment. The building measures 27'.5" x 68' and features 6 apartments all of which were renovated recently. Each unit has their own heating system and hot water tank. This building has benefited from some recent upgrades including, new roof, skylight, renovated hallway, rear facade and air shafts were thorosealed. Located in prime Ridgewood, 2 Blocks to Myrtle Wychoff L & M Legal Rents 1L - $3,251.62 1R - $2,248.58 2L - $2,628.95 2R - $2,752.63 3L - $2,158.15 3R - $2,540.38 Expenses Taxes: $15,000 Ins: $3,500 W/S: $4,500 Electric: $550 Super: $1,800

Listing History for 1709 Madison Street

Now
11/02/2020
POM by Michael Pacifico
Corcoran
08/14/2020
$2,250,000 [-$190,000] [7.8%]
Price Drop by Michael Pacifico
Corcoran

Building Details for 1709 Madison Street

OwnershipIncome Property
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Seneca Av
0.11 miles
Myrtle-Wyckoff Avs
0.25 miles
Forest Av
0.31 miles
Halsey St
0.42 miles

Citi Bike

Madison St & Cypress Ave
0.04 miles
Madison St & Seneca Ave
0.07 miles

Contact Agent

Contact Agent

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: 78986TH