18-51 Madison Street
$2,550,000
—
6,250
6,250
$408
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
Status | Active |
---|---|
MLS ID | OLRS-0091013 |
Days on Market | 53 |
Taxes | $2,332 / month |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 0.0 |
Compass Type | Mixed Use |
MLS Type | Mixed Use |
Year Built | 1930 |
Lot Size | 2,508 SF / 25' x 100' |
County | Queens County |
Building
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
Property History for 18-51 Madison Street
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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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.
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