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Six-Family Apartment Building
For Sale
$1,189,000

18-30 Madison St, Ridgewood, NY 11385

Residential Income, Ridgewood, NY

Property SizeContact for details
Days on Market9

Property Features for 18-30 Madison St

General Information

Property type Residential Multi Family
Property subtype Triplex
Rooms Basement
Interior features Entrance Foyer
Basement Full
Elementary school Ps 71 Forest
Middle school Is 93 Ridgewood
High school Grover Cleveland High School
Elementary school district Queens 24
Middle school district Queens24
High school district Queens24
Special listing conditions In Foreclosure, Real Estate Owned
Standard status Active

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 19554

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Window Unit(s), Wall/Window Unit(s)
Water source Public

Building Details

Year built 1930
Number of units 6
Building materials Brick
Listing Agency: Keller Williams Landmark II · Keller Williams Realty
Listed By: Talaat A. Elkaray · License #40EL0920920
Added: Sep 16 Changed: Sep 17 Last Checked: Sep 24 at 4:06PM
MLS# 1052522

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

Investment Insights

Based on property information with market context.

This six-family apartment property at 18-30 Madison Street is a brick building constructed in 1930. The property is described as being in good condition and includes recent upgrades, an entrance foyer, a basement, natural gas heating, and window or wall/window cooling units. Public water and public sewer serve the building, with water available through the utility system.

Located in Ridgewood, Queens, the property offers access to transportation, shopping, restaurants, schools, and neighborhood amenities. The building currently reports a cap rate of over 6.5%, providing an income-producing multifamily configuration with six residential units.

Key Highlights

  • Six‑family apartment property at 18‑30 Madison Street
  • Cap rate of over 6.5%
  • Brick construction; built in 1930

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Acupuncture Veterinary Clinic

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

4,971
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Brick multifamily property with recent upgrades, public utilities, and natural gas heating in Ridgewood.
Where is this apartment building located?
The property is located at 18-30 Madison St Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: Six‑family apartment property at 18‑30 Madison Street; Cap rate of over 6.5%; Brick construction; built in 1930
More about this property
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