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1830 Madison St 6 Unit Apartment Building $1,099,000 ($183,167/Unit) Ridgewood, NY 11385
EXECUTIVE SUMMARY
Investment Opportunity in Ridgewood, New York Welcome to an exceptional investment property located in the heart of Ridgewood, one of New York’s most established and vibrant neighborhoods. This property offers stability , making it an attractive opportunity for investors and owner-users alike. One unit will be delivered vacant at closing, providing immediate flexibility for personal use or to secure a new tenant . All units are rent-stabilized, ensuring reliable occupancy with solid, long-term tenants. The property benefits from its prime location, with convenient access to public transportation, making commuting to Manhattan and other parts of New York City fast and efficient. Residents enjoy being part of a thriving community with a wide selection of shops, dining, and entertainment just steps away. Whether you are an investor seeking a steady income stream or an owner-user looking to offset your mortgage with rental income, this property offers a unique opportunity. With Ridgewood’s continued growth and strong demand, this is a smart addition to any real estate portfolio.
PROPERTY FACTS
| Price | $1,099,000 | Building Class | C |
| Price Per Unit | $183,167 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 5,559 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1913 |
| Apartment Style | Low-Rise | ||
| Zoning | Residential (R6B) - Close to all including the M train (3 blocks away), gift shops, bookstores, fine dining, bars, cafes and bakeries | ||
| Price | $1,099,000 |
| Price Per Unit | $183,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,559 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1913 |
| Zoning | Residential (R6B) - Close to all including the M train (3 blocks away), gift shops, bookstores, fine dining, bars, cafes and bakeries |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Basement
- Garden
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 03462-0030 | Improvements Assessment | $153,785 |
| Land Assessment | $3,407 | Total Assessment | $157,192 |
PROPERTY TAXES
Parcel Number
03462-0030
Land Assessment
$3,407
Improvements Assessment
$153,785
Total Assessment
$157,192
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1830 Madison St
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