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6125 Madison St 8 Unit Apartment Building $2,000,000 ($250,000/Unit) 5% Cap Rate Ridgewood, NY 11385
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.
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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | 1,150 |
| 4+1 | 6 | - | 1,150 |
1 1
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (87)
Property Taxes
| Parcel Number | 03614-0047 | Improvements Assessment | $217,347 |
| Land Assessment | $5,305 | Total Assessment | $222,652 |
Property Taxes
Parcel Number
03614-0047
Land Assessment
$5,305
Improvements Assessment
$217,347
Total Assessment
$222,652
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6125 Madison St
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