17-21 MADISON STREET

Property Description

Investment Property Realty Group (IPRG) ) has been exclusively retained to sell 17-21 Madison Street. This opportunity offers investors the opportunity to acquire a fully rent-stabilized, six-unit multifamily building in the heart of Ridgewood, Queens, one of New York City’s most consistent and supply-constrained rental markets.

The asset is offered at an attractive $160 per square foot, providing strong in-place cash flow at a compelling basis. All six apartments are rent stabilized and have been renovated throughout the years, creating a durable income stream with historically low turnover and predictable operating performance. Located on a quiet residential block, the property benefits from Ridgewood’s continued demand driven by its proximity to Bushwick, expanding retail corridors, and convenient access to public transportation.

The neighborhood’s long-term tenant base and limited new multifamily supply support stable occupancy and resilient collections. 17-21 Madison Street is well suited for investors seeking defensive yield, long-term cash flow, and exposure to a proven Queens multifamily market at an attractive entry point.