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    61-19 Madison St Ridgewood, NY 11385

    Sponsored
    For Sale
    $2,158,888

    Multi-Unit (5+), Low-rise - Ridgewood, NY

    Property size:
    9,200 SF
    Days on Market:
    35
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 61-19 Madison St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    600
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
    Bathrooms
    8
    Parking features
    Garage
    Interior features
    Intercom
    Basement Y/N
    1
    Size
    9,200 SF

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1930
    Year renovated
    1930
    Floors in Building
    4
    Flooring type
    Hardwood, Tile
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    ONE STOP MULTISERVICE INC (718) 554-0257

    Listing agent Raymond Rivera (718) 554-0257

    Listing date Dec 2, 2025

    MLS# 10919040 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 Multifamily Building For Sale

    This is an 8-family brick building featuring 9,200 square feet of living space on a 36x100 lot. The property, zoned R6B, was built in 1930 and substantially renovated in 2020, with approximately 90% of the building updated with modern finishes while retaining its pre-war charm. It consists of 1 three-bedroom unit and 7 four-bedroom units, all rent-stabilized. Tenants are responsible for their own electric and cooking gas, while the landlord covers heat, water, and insurance. Recent upgrades include a full finished basement and updated interiors. The property is located two blocks from the M train, within walking distance to shops, dining, and essential services. The gross income is $197,364 and the net income is $149,641. It is professionally managed, clean, and well-kept. The property is located in Ridgewood, NY and offers upside potential through continued rent increases in one of NYC's most desirable rental submarkets.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.896485
    Latitude
    40.707486

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained, renovated 8-unit building near M train.
    Where is this apartment building located?
    The property is located at 61-19 Madison St Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $2,158,888.
    What are key features of this property?
    This property features: - High Net Operating Income (NOI) of $149,641 provides strong cash flow.; - **90% renovated in 2020 with modern finishes**, minimizing near-term capital expenditures.; - **Prime location**: Two blocks from the M train, offering easy access to transportation and Manhattan.
    (718) 554-0257
    Request Owner's contact information
    61-19 Madison St Ridgewood, NY 11385
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    Ridgewood, NY 11385
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    Realmo Value Estimation

    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.

    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.

    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
    61-19 Madison St Ridgewood, NY 11385
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