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6-Family Apartment Building
For Sale
$1,129,000

18-30 Madison Street, Ridgewood, NY 11385

Residential Income, Ridgewood, NY

Property SizeContact for details
Days on Market31

Property Features for 18-30 Madison Street

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: Oct 13 Last Checked: Oct 16 at 3:06AM
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.

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Investment Insights

Based on property information with market context.

This six-family apartment building at 18-30 Madison Street in Ridgewood was built in 1930 and has brick construction. The property includes an entrance foyer and a basement. Water is available, with public water service and public sewer. Heating is fueled by natural gas, and cooling is provided by window or wall/window units.

The property is reported to have a cap rate above 6.5%. Ridgewood is described as offering access to transportation, shopping, restaurants, schools, and neighborhood amenities.

Key Highlights

  • Six‑family apartment property
  • Reported cap rate above 6.5%
  • 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

Frequently Asked Questions

What type of property is this?
Apartment building - Brick construction and a basement add to the property's physical profile.
Where is this apartment building located?
The property is located at 18-30 Madison Street Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,129,000.
What are key features of this property?
This property features: Six‑family apartment property; Reported cap rate above 6.5%; Built in 1930
More about this property
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