Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    17-17 Madison Street Queens, NY 11385

    View on Map
    For Sale
    $2,095,000

    Commercial Building, Townhouse - Queens, NY

    Property size:
    5,600 SF
    Added:
    Dec 17, 2025
    Days on Market:
    105
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 17-17 Madison Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    12
    Bathrooms
    6
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage
    Standard status
    Active
    Size
    5,600 SF

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cassandra Frank

    Listing agent Cassandra Frank

    Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY

    Listing date Dec 17, 2025

    MLS# 11620055 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ridgewood Multi-Family Investment Opportunity

    Located in Ridgewood, Queens, 17-17 Madison St is a multi-family property featuring 5,600 square feet. This mid-rise building contains 6 floor-through apartments. The units have gas heating and optional window AC. The building has a walk-up design. A full basement provides storage or added functionality. There are 4 free market apartments and 2 rent stabilized apartments. The property offers access to Queens' surroundings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.906995
    Latitude
    40.701495

    Nearby Similar for Sale

    • $559,000
      2,844 SF

      Spacious Commercial Condo in Queens

      2,844 sq ft commercial condo in a new building.
      70-09 45th Avenue, Queens, NY 11377
      View Details
    • $1,788,000
      2,650 SF

      Desirable Jackson Heights Multi-Family Home

      Well-maintained triplex in Jackson Heights with tenant or vacant options.
      77-16 25th Avenue, Queens, NY 11370
      View Details
    • $480,000
      15,708 SF

      Flushing Bar and KTV Business

      Bar and KTV business for sale in Queens, NY.
      140-08 Holly Avenue, Queens, NY 11355
      View Details
    • $1,198,000
      2,720 SF

      Ozone Park Mixed-Use Building

      Two-story mixed-use building with retail and residential unit.
      105-04 Liberty Avenue, Queens, NY 11417
      View Details
    • $1,196,000
      1,088 SF

      Two-Family Home in Astoria Heights

      Detached, meticulously maintained two-family home with income potential.
      22-29 73rd Street, Queens, NY 11372
      View Details
    • $899,999
      2,160 SF

      Mixed-Use Building in Saint Albans

      Mixed-use building with commercial unit and apartment in prime location.
      11106 Farmers Boulevard, Queens, NY 11412
      View Details
    • $559,000
      2,844 SF

      Spacious Commercial Condo For Sale

      2,844 sq ft commercial condo in a new building.
      70-09 45th Avenue 1C, Queens, NY 11377
      View Details
    • $1,550,000
      3,660 SF

      Astoria Six-Family Brick Building

      Income-producing six-family brick building in the heart of Astoria.
      34-35 33rd Street, Queens, NY 11106
      View Details
    • $3,500,000
      5,540 SF

      Mixed-Use Building in Queens

      Fully leased mixed-use building with income-generating tire shop.
      106-15 Northern Boulevard, Queens, NY 11368
      View Details
    • $888,000
      20 SF

      Mixed-Use Building Near JFK Airport

      Mixed-use building suitable for restaurant, motel, deli, or other business.
      147-07 Guy R Brewery Boulevard, Queens, NY 11434
      View Details
    • $2,299,000
      4,300 SF

      Astoria Multi-Family Investment Opportunity

      Income-generating Astoria property with updated units and convenient location.
      34-57 9th Street, Queens, NY 11106
      View Details
    • $2,800,000

      Long Island City Building For Sale

      Building for sale in Long Island City near Manhattan.
      3504 43 Ave, Queens, NY 11101
      View Details

    FAQs

    What type of property is this?
    Apartment building - Spacious 6-unit building in prime Queens location.
    Where is this apartment building located?
    The property is located at 17-17 Madison Street Queens, NY.
    What is the asking price?
    The asking price for this property is $2,095,000.
    What are key features of this property?
    This property features: 5,600 sq. ft. multi‑family property with 6 apartments; Located in the heart of Ridgewood, Queens; Consists of 4 free market and 2 rent stabilized apartments
    (212) 375-9999
    We can help!
    Listing Contact
    Cassandra Frank
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!