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1856 Madison Street, Ridgewood, NY 11385

$1,880,000

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New to the Market

BEDS0 BATHS MLS#1011465

STATUSActive PROPERTY TYPECommercial - SCHOOLQueens24

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Property 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!

1856 Madison Street | MLS# 1011465

This commercial property located at 1856 Madison Street, Ridgewood, NY 11385 is currently listed for sale with an asking price of $1,880,000. Madison Street is located within the Queens24 school district. Search Ridgewood real estate on www.laffey.com today.

Property Features

Property Type: Commercial -

Basement: Yes

Basement: Finished

Cooling: Electric

Heating: Natural Gas

Lot Size: 0.06 Acres

Taxes: $19,457

Year Built: 1930

Feature Descriptions

Building Area Total: 5700

Community Features: Other, Park, Playground

Exterior: Brick

On Market Date: 2026-06-09

Parcel Number: 03471-0004

Parking Features: None

Property Attached Y/N: 1

Rental Term: Monthly

Seller Concession: Yes

Sewer: Public Sewer

Tenant Pays: Electricity

Units: 6

Utilities: Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Trash Collection Public, Water Available

Water: Public

Local Schools

Elementary School: Ps 88 Seneca

School District: Queens24

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1856 Madison Street, Ridgewood, NY 11385

Property Description

1856 Madison Street | MLS# 1011465

Property Features

Feature Descriptions

Local Schools

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1856 Madison Street, Ridgewood, NY 11385

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