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Three-Story Walk-Up Apartment Building
For Sale
Contact for pricing
Pending

64-40 Madison Street, Ridgewood, NY 11385

Three-story walk-up building with six rent-stabilized apartments and annual DHCR filings.

Property SizeContact for details
Days on Market138

Property Features for 64-40 Madison Street

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 6

Building Details

Stories 3
Listing Agency: Compass Global Headquarters
Listed By: Theresa Show · License #NY
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Aug 24 at 4:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Global Headquarters

Investment Insights

Based on property information with market context.

This three-story walk-up multifamily building is comprised of six rent-stabilized apartments. The property is not designated as a landmark and does not lie within a landmark district. DHCR filings have been made annually, and the seller reports no overcharges pending. The listing also notes approximately 672 square feet of additional air rights.

The building is conveniently located near the M subway line.

As presented, the asset offers a straightforward residential income configuration with a small number of stabilized units and an air-rights component.

Key Highlights

  • 3‑story walk‑up multi‑family building with 6 rent‑stabilized apartments
  • DHCRs have been filed annually, with no overcharges pending
  • Approximately 672 SF of additional air rights

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

5,438
Businesses Nearby

Demographics for 11385, NY

100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story walk-up building with six rent-stabilized apartments and annual DHCR filings.
Where is this apartment building located?
The property is located at 64-40 Madison Street Ridgewood, NY.
What are key features of this property?
This property features: 3‑story walk‑up multi‑family building with 6 rent‑stabilized apartments; DHCRs have been filed annually, with no overcharges pending; Approximately 672 SF of additional air rights
More about this property
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