17-17 Madison Street, Queens, NY 11385
- Added:
- Dec 17, 2025
- Days on Market:
- 175
- Last Refresh:
- Jun 10 at 5:06 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
- Tax Annual Amount
- 0
Building Details
- Architectural style
- Other
Listing agent Cassandra Frank (212) 375-9999
Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Dec 17, 2025
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.
HighLights
- 5,600 SF mid‑rise multi‑family building with 6 floor‑through apartments at 17‑17 Madison St (Ridgewood)
- Unit mix: 4 free market apartments and 2 rent‑stabilized apartments
- Walk‑up layout with privacy in each unit
- Gas heating throughout; optional window AC
- Full basement for storage or added functionality
- Garage parking
Overview
Located at 17-17 Madison Street in Queens (11385), the building sits in the Ridgewood area and is positioned for convenient access to the broader Queens community. The layout and mid-rise configuration create a straightforward, private feel for each apartment within the building.
This setup can fit investors or owner-operators seeking a small, well-defined rental asset with a clear unit mix, including both free-market and rent-stabilized apartments. The combination of walk-up floor-through units, gas heating, and a usable full basement adds to day-to-day practicality for managing the property and accommodating tenant needs.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.7k | $46.20 |
| − Vacancy | −$9.8k | −$1.76 |
| EGI | $248.9k | $44.44 |
| − OpEx | −$112.0k | −$20.00 |
| NOI | $136.9k | $24.44 |
Alternative Uses
Current Use by Public Records
Map
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.906995
- Latitude
- 40.701495
