EXCLUSIVE LISTING FOR SALE€¦ · Certificate of Occupancy & HPD EMH Commercial Realty | 109 South...

FOR SALE: 17-04 MADISON STRIDGEWOOD, NY 11385

Cross Streets: Cypress Ave & Seneca Ave

Exclusive Agent: Baruch EdelkopfDesk: (718) 964-9048 | Email: [email protected]

EXCLUSIVE LISTING FOR SALE

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Disclaimer: Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.

EMH Commercial Realty has been retained to arrange the sale of 17-04 Madison St located in the Ridgewood section of Queens on an exclusive basis.

VP of Sales, Baruch Edelkopf, is spearheading the marketing initiative.

The subject property is a six unit building with five free market apartments that were fully renovated to an extremely high standard and taken out of rent stabilization. Each unit now boasts massive living rooms, open concept kitchens with granite countertops, great closet space, and exposed brick with recess lighting.

Building is situated right off the Myrtle Ave retail corridor with immediate access to popular restaurants, bars, gyms and retails establishments. Nearby L,M trains provide convenient access to the city.

Property is being marketed at a 5.48% cap based on a net income of $167,193 amounting to $3,050,000.

EMH Commercial Realty | 109 South 5th St | Suite 3100 | Brooklyn NY, 11249 | 718.964.9005 | www.emhcr.com

Investment Synopsis



Investment Highlights

Asking Price $3,050,000

Gross Income $208,177

Cap Rate 5.48%

GRM 14.65

Neighborhood Ridgewood

Residential Units 6

Stories 3

Building SF 5,600

Rent Type 5 FM 1 RS

Residential Tenancy Status Fully Occupied

Price per Unit $508,333

Price per Built SF $545




Property Information

Property InformationAddress 17-04 Madison St

City State Zip Ridgewood, NY 11385

Cross Streets Cypress Ave & Seneca Ave

Neighborhood Ridgewood

Block & Lot 03460-0009

Lot Dimensions 27.42 ft x 100.08

Lot SF 2,744

Zoning R6B

F.A.R. 2.00

Nearby Transportation


Building InformationBuilding Class Five to Six Families (C2)

Building Dimensions 27.5 ft x 68 ft

Building SF 5,600

Construction type Brick

Total Lot FAR 5,600

Unused FAR 0

Stories 3

Residential Units 6

Commercial Units 0

Total Units 6

Tax assessor's market

value$282,150

Taxes 2018 $15,741

Tax Class 2A



Certificate of Occupancy & HPD




Interior Photos




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Neighborhood Description




Ridgewood is known for its brick and stone two-story buildings from the early 20th century which gives it a more Brooklyn than Queens look. Though it's a high-density area, Ridgewood is a quiet and homey working-class neighborhood. Once a German and Italian enclave, it is now seeing a lot of transplants from Greenpoint, Williamsburg and Park Slope. Serviced by the M line running elevated through central Ridgewood (Fresh Pond Road, Forest Avenue and Seneca Avenue stations) that cuts across Brooklyn to Lower Manhattan, commuters can also transfer at Myrtle/Wyckoff and switch to the L train that crosses Williamsburg on its way to Manhattan's Union Square, a trip that's less than 45 minutes total. Ridgewood boasts retail corridors on Myrtle and Fresh Pond Avenues that are peppered with Mom and Pop businesses, boutique restaurants and bars, pharmacies, supermarkets, retailers, and banks.

Company Overview

About: EMH Commercial Realty was formed with the sole focus of closingcommercial transactions in the smoothest and most efficient way possible.The primary focus of our team is on the Brooklyn NY markets - amarketplace that our brokers have had much historical success. We utilizethe latest in cutting edge technology and foster an open teamenvironment to bring much needed market insight that is critical to eachdeal that comes across our desks. Our experienced team of motivatedbrokers work diligently with our base of sellers and investors to enhanceand facilitate each transaction. That said, EMH is uniquely poised to beyour subject matter expert for all your commercial real estate needs.

Baruch EdelkopfDesk: (718) 964-9048

Email: [email protected]

Exclusive Agent:




EXCLUSIVE LISTING FOR SALE€¦ · Certificate of Occupancy & HPD EMH Commercial Realty | 109 South...

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