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1824 Madison St
Ridgewood, NY 11385
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 5,600 SF |
| Property Subtype | Apartment | Average Occupancy | 83% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1930 |
| Zoning | R6B | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1930 |
| Zoning | R6B |
AMENITIES
UNIT AMENITIES
- Eat-in Kitchen
- Hardwood Floors
- Yard
- Basement
ABOUT 1824 MADISON ST , RIDGEWOOD, NY 11385
Amazing X-LG 6 Family Brick w/ Backyard & Full Basement 2 Free Market Apartments + 1 Vacant Apt Building is located in Ridgewood’s trendy section. Just 2 Blocks to the Seneca M; 8 min to the Myrtle-Wyckoff L Trains. All Apartments are in excellent condition. Each Apt: 3Br/1 Bath. Total: 18 Br/ 6 Bath. 1L: Free Market, No Lease. Actual Rent $1,650/mo. Potential Rent: $2,400/mo 1R: Rent Stabilized. Lease ends 04/20 Rent: $784/mo 2L: Rent Stabilized. Lease ends 04/20 Rent: $781/mo 2R: Free Market, No Lease. Actual Rent $1,300/mo. Potential Rent: $2,400/mo 3L: Rent Stabilized. Rent: $836/mo 3R: VACANT Rent Regulated Rent: $1,967/mo; Potential Rent: $2,500/mo Actual Rent: $87,216/Yr Potential Rent: $116,412/Yr Expenses: approx. $25K/Yr CAP RATE (w/ 1 Vacancy): 4.3% PROJECTED CAP RATE: 6.3% Shared Roof & Backyard Full Basement: great for storage! Building size: 27.25 ft x 68 ft; Lot size: 27.25 ft x 100.08 ft; Zoning: R6B; FAR: 2; MAX FAR: 2 Great Investments w/ a Room for Growth! For More Details Please Call Robert.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 03462-0026 | Improvements Assessment | $153,785 |
| Land Assessment | $3,407 | Total Assessment | $157,192 |
PROPERTY TAXES
