- Three story multi-family building consisting of 6 units.
- Building needs to be fully gutted.
- The building is fully Free Market.
- DHCR’s are available.
- Property is walking distance to Myrtle-Wyckoff Avenues [M,L] Subway Station.
- Price – $ 2,500,000
Madison Street Queens, NY 11385
$2,500,000.00
Details
- Three story multi-family building consisting of 6 units.
- Building needs to be fully gutted.
- The building is fully Free Market.
- DHCR’s are available.
- Property is walking distance to Myrtle-Wyckoff Avenues [M,L] Subway Station.
- Price – $ 2,500,000
Additional Information
| Asset Type | Multifamily |
|---|---|
| City | Queens |
| Neighborhood | Ridgewood |
| Broker | Elli Khafizov |
| Price | $2,500,000 |
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Property is currently 100% leased
Strong retail corridor with heavy foot and car traffic on both sides of the streets
All tenants have 3% annual rental increases -
Development Opportunity on Findlay Avenue, Bronx. Grant Park and Claremont Park are walking distance from the property. Webster Ave retail corridor is 3 blocks away from the property. Train station on 170th St. is walking distance.
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Total Built: 51,000 SF. Total Buildable: 105.144 SF. Tenants pay for their own utilities and gas. Property is near major highways and roads and multiple local & express buses. Property is walking distance to the 7 train
