18-51 Madison Street

$2,550,000
Price
Beds
6,250 Sq. Ft.
$408 / Sq. Ft.
6,250
Sq. Ft.
$408
per Sq. Ft.

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...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.

Property Details for 18-51 Madison Street

Architectural Style
Prewar
LISTING UPDATED: 12/09/2024 12:01 PM

Property Details for 18-51 Madison Street

StatusActive
MLS IDOLRS-0091013
Days on Market53
Taxes$2,332 / month
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1930
Lot Size2,508 SF / 25' x 100'
CountyQueens County

Building

18-51 Madison St

5 Units3 StoriesBuilt in 1930

Building Information for 18-51 Madison Street

Stories3Residences5Year Built1930Lot Size2,508 SF / 25' x 100'Building Age-Building Type-

Property Information for 18-51 Madison Street

Summary
Location and General Information
  • Subdivision Name: Ridgewood
  • Cross Street: Woodbine Street/Madison Street
  • Stories Total: 4
Taxes and HOA
  • Tax Lot: 54
  • Tax Block: 3470
  • Building Tax Lot: 54
  • Tax Abatement YN: false
Parking
  • Garage: No
Property
Lot Information
  • Living Area: 6250.0
  • Building Area Total: 6250.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 25.08 x 100.00
  • Living Area Units: SquareFeet
  • Foundation Area: 0.0
Building Information
  • Building Laundry Features: SeeRemarks
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Certificate Of Occupancy: No
  • Common Interest: None
  • New Construction: No
  • Structure Type: WalkUp
  • Property Condition: Good
Interior and Exterior Features
Interior Features
  • Other Equipment: Intercom
  • ElevatorsTotal: 0
  • Size Dimensions: 25.00 x 100.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Delivered Vacant: No
  • Attendance Type: None

Property History for 18-51 Madison Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18-51 Madison Street

Taxable ValueLand$109,800Additions$422,550Total$532,350
Home Facts
Total Finished SqFt6,250 SqFtLot Size2,500 SqFtYear Built1930ZoningR6BAPN4034700054

Schools near 18-51 Madison Street

This home is within New York City Geographic District #24.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
P.S. 88 Seneca
PublicPK to 5

Joseph F Quinn Intermediate School 77
Public6 to 8

Maspeth High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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18-51 Madison Street is a mixed use property for sale in Ridgewood. This property was listed for sale on October 30, 2024 by Triumph Property Group Ltd, it's currently listed at $2,550,000. This listing's school district is New York City Geographic District #24. Nearby schools include P.S. 88 Seneca, Joseph F Quinn Intermediate School 77 and Maspeth High School. 18-51 Madison Street is a 0-bed, 0-bath, 6,250 sqft mixed use property built in 1930.

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Listing Courtesy of Triumph Property Group Ltd

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