1851 Madison Street
Queens, NY 11385

Cross street:Woodbine Street

Building

Type:Low-rise
Era:Post-war
Floors:4

Property

Ownership: Mixed Use
Bedrooms: Studio
Pets: Pets Unknown

Financials

Price: $2,800,000
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Triumph Property Group

Description

Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgrade in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities and 50% of the property taxes and you have the makings of an investment property that you can hold for years to come.

Amenities

  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street.


OLR IDX

RLS Data display by Nest Seekers LLC.

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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.