1874 Madison St
6 Unit Apartment Building $1,863,095 CAD ($310,516 CAD/Unit) 8.16% Cap Rate Ridgewood, NY 11385
INVESTMENT HIGHLIGHTS
- Historic & Architectural Charm
- Subway: M and L lines provide quick access to Manhattan and Brooklyn
- classic pre-war buildings brownstones and modern Development
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $1,863,095 CAD |
| Price Per Unit | $310,516 CAD |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 5,700 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1911 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
1 of 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (97)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 03471-0022 | Total Assessment | $218,972 CAD |
| Land Assessment | $4,465 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $214,507 CAD | Tax Year | 2024 |
ZONING
| Zoning Code | R6B (Charming 6-Unit Multifamily in Prime Ridgewood – Excellent Investment Opportunity! Welcome to 18-74 Madison Street, a well-maintained three-story) |
