1856 Madison Street, Ridgewood, NY 11385

Building Details

Year Built

1930

Listing agent Yan Wang

Listing office Sany Realty Group LLC

Listing date Jun 10, 2026

Source Crexi

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 Sany Realty Group LLC

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Overview

This for-sale six-family residential income property includes six spacious three-bedroom apartments and a full basement. The building footprint is described as measuring 27.5 by 69 feet, situated on a 27.5 by 100 foot lot. According to the public remarks, three of the units are rent stabilized.

The property is described as being in the heart of Queens, with proximity to transit and local amenities. The remarks note that a Q58 bus station is right in front of the building, and that the property is close to a train station. It is also described as a short walk to Key Food, with the surrounding area including cafes, restaurants, shopping centers, and grocery stores.

For owner-occupants and investors evaluating a residential multifamily asset, the mix of six three-bedroom units and on-site basement space can support a straightforward rental housing strategy. The listing’s disclosed income metrics reference a strong rental-income position, with the remarks citing approximately $135,000 in net operating income and a reported 7% ROI based on rental income, including the rent-stabilized component.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

Location Insight

• Map
• Local Demand

City

Ridgewood

County

Queens

State

New York

Longitude

-73.904842

Latitude

40.702885

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FAQs

What type of property is this?

Apartment building - Six spacious three-bedroom units plus a full basement offer an income-focused residential building configuration.

Where is this apartment building located?

The property is located at 1856 Madison Street Ridgewood, NY.

What is the asking price?

The asking price for this property is $1,880,000.

What are key features of this property?

This property features: 6‑family building built in 1930 with six 3‑bedroom apartments and a full basement; 27.5x69 building size on a 27.5x100 lot; Rental income highlights include 3 rent‑stabilized units