$1,880,000

1856 Madison Street, Ridgewood, NY 11385

5,700 sqft

Multi-Family Home
Built in 1930
2,740sqft lot
—— car garage
$330/sqft
Listed 16 days ago

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!

Listing Status:: Active
Data Last Updated:: June 25, 2026 at 2:21PM
Listing Office:: Sany Realty Group LLC : 718-799-0726
MLS ID:: 1011465

Basement: Finished
A/C: Electric
Heating: Natural Gas

Parking: None

Originating MLS: onekey2
School District: Queens24
County: Queens

Zoning: R6B03471-0004

Utilities: Electricity AvailableNatural Gas AvailableNatural Gas ConnectedSewer AvailableTrash Collection PublicWater Available
Water: Public
Sewer: Public Sewer

Source: onekey2

This listing courtesy of Sany Realty Group LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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