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6125 Madison St 8 Unit Apartment Building $2,000,000 ($250,000/Unit) 5% Cap Rate Ridgewood, NY 11385
Investment Highlights
- 1 block from M line subway, ability to rent 8 storage bins in the basement
Executive Summary
This well maintained 8 family residential building in Queens, NY presents an excellent investment opportunity in one of the city's most stable rental markets. The property features eight spacious apartments with a practical layout designed for comfortable urban living. Each unit offers generous living areas, ample natural light, and functional kitchens and bathrooms, making the building highly attractive to long term tenants. The building underwent an electrical upgrade in 2015 and current owners ensure that maintenance requests are honored for its tenants. Building has a strong income potential with consistent occupancy. Tenants benefit from convenient access to public transportation as building is located 1 block away from M subway line direct to NYC. In addition, supermarket is across the street and multiple cafes and stores are available right off of Fresh Pond Road which is its main cross street. This property is ideal for investors seeking steady rental income, long term appreciation and a solid addition to a multifamily portfolio. Contact # (732) 673-5163 for further details.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 5% | Building Size | 9,200 SF |
| Gross Rent Multiplier | 12.19 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2015 |
| Property Subtype | Apartment | ||
| Zoning | R6B - R6B | ||
| Price | $2,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.19 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 9,200 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2015 |
| Zoning | R6B - R6B |
Amenities
Unit Amenities
- Cable Ready
- Hardwood Floors
- Yard
- Basement
- Double Pane Windows
- Garden
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | 1,150 |
| 4+1 | 6 | - | 1,150 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03614-0047 | Total Assessment | $222,652 |
| Land Assessment | $5,305 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $217,347 | Tax Year | 2025 |
Property Taxes
Parcel Number
03614-0047
Land Assessment
$5,305
Improvements Assessment
$217,347
Total Assessment
$222,652
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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6125 Madison St
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