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1824 Madison St, Ridgewood NY 11385

$ 1,589,000

1824 Madison St,
,

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Property Id : 18771
Price: $ 1,589,000
Bedrooms: 18
Bathrooms: 6
Structure Type: Brick
Floors No: 3

About this property

X-Large Brick 6 Family in Prime Ridgewood

Building is located in Ridgewood’s trendy section.
Just 2 Blocks to the Seneca M; 8 min to the Myrtle-Wyckoff L Trains.
All Apartments are in excellent condition.
Each Apt: 3Br/1 Bath.
Total: 18 Br/ 6 Bath.

 1L: Free Market, no Lease.
Actual Rent $1,650/mo. Potential Rent: $2,400/mo
1R: Rent Stabilized. Lease ends 04/20
Rent: $784/mo
2L: Rent Stabilized. Lease ends 04/20
Rent: $781/mo
2R: Free Market, no Lease.
Actual Rent $1,300/mo. Potential Rent: $2,400/mo
3L: Rent Stabilized.
Rent: $836/mo
3R: VACANT
Rent Regulated Rent: $1,967/mo; Potential Rent: $2,500/mo

Actual Rent: $62,214/Yr
Potential Rent: $118,812/Yr
Expenses: approx. $20K/Yr
CAP RATE: (w/ 1 Vacancy): 3%
PROJECTED CAP RATE: 6%
Shared Roof & Backyard
Full Basement: great for storage!
Building size: 27.25 ft x 68 ft;
Lot size: 27.25 ft x 100.08 ft;
Zoning: R6B;
FAR 2; MAX FAR 2

Amenities and Features

back yard

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