$1,880,000
1856 Madison Street
Details
APN 03471-0004
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
NOI $135,000
Year Built 1930
Acreage 0.063
Zoning R6B
Multifamily | 6 Units
Marketing description
Best opportunity to own a beautiful 6-family property in the heart of Queens!
The property features six spacious 3-bedroom apartments along with a full basement.
A strong 7% ROI on rental income( 3 Rent Stabilized )
Measuring 27.5X69 feet on a 27.5X100 foot lot, Close to train station and all. Q58 bus station is right in front of the building.The property is surrounded by a diverse mix of cafes, restaurants, shopping centers, grocery stores Etc. And It is just a 2-minute walk to Key Food.
NET Operating Income around $135,000.
Cash Flow Awaits!
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo
Valuation Metrics
0
DSCR
7.18%
Cap Rate
7.18%
ROI
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