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$2,456,250
List Price: $2,500,000
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1851 Madison Street
Apartment in Ridgewood •  building info
studio • 6,250ft² $400 per ft²
Buy with Yoreevo

$2,456,250

List Price

$2,500,000

Key Details
Days on market
160
Last price change
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Estimated payment
$13,854/mo
Taxes
N/A
Maintenance
N/A
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 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.

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Home features
Hardwood floors
Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$2,500,000
Asking Price: $2,500,000
Term
30 Years
Down Payment
$250,000 (10%)
Min: 10% (250,000)
Rate
6.25 %
Mortgage Amount
$2,250,000
Mortgage Payment
$13,854
Estimated Yoreevo rebate
$43,750
Estimated closing cost
$39,000
Total monthly cost $13,854
Buy your dream home with us and get an estimated $43,750 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Triumph

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