Six-Family Residential Income
For Sale
Contact for pricing
1856 Madison Street, Ridgewood, NY 11385
Six spacious three-bedroom units plus a full basement offer an income-focused residential building configuration.
Property SizeContact for details
Lot Size0.06 Acres
Days on Market62
Property Features for 1856 Madison Street
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Multifamily
Zoning
R6B
Net Operating Income
$135,000
Additional Details
Cap Rate
7%
Multifamily Units
6
Building Details
Year Built
1930
Units
6
Tenancy
Multi
Listing Agency:
Sany Realty Group LLC
(718) 539-1130
Listed By:
Yan Wang
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 9 at 8:18AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,971
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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
