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1851 Madison Street Ridgewood Queens NY 11385
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  2. 1851 Madison Street
1851 Madison Street Ridgewood Queens NY 11385
1851 Madison Street Ridgewood Queens NY 11385
1851 Madison Street Ridgewood Queens NY 11385
1851 Madison Street Ridgewood Queens NY 11385
1851 Madison Street Ridgewood Queens NY 11385
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1851 Madison Street

Ridgewood | QN
Woodbine Street & Madison Street

Schedule a Viewing
$ 2,500,000
Building For Sale
Property Type
Active
Status
6,250/581
ASF/ASM
$ 27,988
Real Estate Taxes [Per Annum]
  • 1851 Madison Street
  • $ 2,500,000
1851 Madison Street Ridgewood Queens NY 11385

Building Details

1851 Madison Street Ridgewood Queens NY 11385
Mixed Use
Ownership
Low-Rise
Building Type
Voice Intercom
Service Level
Walk-up
Access
3470/54
Block/Lot
25'''x100'''
Building Size
25'1''x100'
Lot Size
4/4
Floors/Apts

Photos

1851 Madison Street Ridgewood Queens NY 11385
1851 Madison Street Ridgewood Queens NY 11385
1851 Madison Street Ridgewood Queens NY 11385
1851 Madison Street Ridgewood Queens NY 11385
1851 Madison Street Ridgewood Queens NY 11385

Description

Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgrade in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities and 50% of the property taxes and you have the makings of an investment property that you can hold for years to come.
Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgrade in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities and 50% of the property taxes and you have the makings of an investment property that you can hold for years to come.

Listing Courtesy of Triumph Property Group

Features

A/C
Patio
1851 Madison Street Ridgewood Queens NY 11385

Contact

License Licensed As: Charles Mazalatis
Charles Mazalatis

Charles Mazalatis

License Licensed As: Charles Mazalatis

President & Licensed Real Estate Broker

W: 646-807-4946
M: 917-359-8934
Contact Agent Download VCard

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 REBNY Listing Service, Inc. All rights reserved. All information is intended only for the Registrant’s personal, non-commercial use. RLS Data display by Maz Group NY. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 91013TH