1 month on rocket

18-78 Madison St, Ridgewood, NY, 11385

$1,599,000

Home List Price

$10,000*

Closing Credit

18 Bedrooms
6 Full Baths
5,700 SqFt
$281/SqFt
Multi
Schools Nearby

Location

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18-78 Madison St, New York$1,599,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1930
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
BasementYes
MLS #3540211
Lot Size0.06 Acres
StatusActive
(A)

About 18-78 Madison St

Welcome to 1878 Madison Street, 6 Family property for Sale. Each apartment is in good condition and consists of 3 bedrooms, kitchen,living/dining area and 1 bathroom. 5 units have stabilized rent, 1 unit is free market. This property is a great income producer with the approximate gross income of $148,000 and operating expenses of around 31,500. Conveniently located, close to public transportation (2 blocks to Forest Ave M train station), stores, restaurants cafes. Great opportunity for users and investors !!!

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1930
  • Living Area: 5,700 SqFt

Listing Office:

  • Office Name: Trademarko Realty Inc
  • Office Phone: (718) 502-5141

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 18

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: www.google.com/maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,599,000
  • Price Per SqFt: $281/SqFt
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$845.4K

Med. Price/SqFt

$636

Avg. Days On Market

96

# of Sold Homes

1548

18-78 Madison St vs New York

34 DAYS ON ROCKET

-62 Days

$1,599,000

+$753.5K More

$281/SqFt

-$356 Less

KEY TAKEAWAY

This property is $753.5K more than the Median Sold Price and $356/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3540211

Listing Office:

  • Office Name: Trademarko Realty Inc
  • Office Phone: (718) 502-5141

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/28/2024, 11:56:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$8,048

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,860

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2933258
5
/10

  • PS 239

  • 1715 Weirfield St

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-2933259
3
/10

  • PS 81 Jean Paul Richter

  • 559 Cypress Ave

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-2933260
8
/10

  • Bushwick Ascend Charter School

  • 751 Knickerbocker Ave

  • 0.40 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,696. The majority of New York, NY residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Queens County›New York›11385›18-78 Madison St

This home is located at 18-78 Madison St in Ridgewood, NY and zip code 11385 in the Ridgewood neighborhood. This 5,700 square foot home, which was built in 1930, sits on a 0.06 acre lot. Features: 18 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $1,599,000.

In March 2024, from all listings sold in New York, NY there were more than 154 sold above asking price, over 748 sold below and more than 645 were sold right at the asked price. The number of listings in New York, NY increased by 3.7% between February 2024 and March 2024. Listings spent 96 days on the market in March 2024, and had a median list price of $845,489 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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