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Six-Family Apartment Building
For Sale
$1,880,000

1856 Madison Street, Ridgewood, NY 11385

Commercial Sale, Ridgewood, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market96

Property Features for 1856 Madison Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R6B
Rooms Basement
Basement Finished
Elementary school Ps 88 Seneca
Elementary school district Queens 24
Middle school district Queens24
High school district Queens24
Standard status Active
APN 03471-0004
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 19457

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Electric
Water source Public

Building Details

Year built 1930
Number of units 6
Building materials Brick
Listing Agency: Sany Realty Group LLC
Listed By: Yan Wang
Added: Jun 9 Changed: Aug 20 Last Checked: Sep 12 at 7:06AM
MLS# 1011465

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.

Built in 1930, this brick apartment property contains six three-bedroom residences along with a full basement. The building offers natural gas heating, electric cooling, public water, and public sewer service. Three apartments are rent stabilized, providing an established multifamily configuration within an R6B-zoned property.

The building sits at 1856 Madison Street in Ridgewood, with the Q58 bus stop directly in front. A train station is nearby, and Key Food is a two-minute walk away. Cafes, restaurants, shopping centers, and grocery stores are also located in the surrounding area.

The structure measures 27.5 by 69 feet on a 27.5 by 100 foot lot, with 0.0629 acres of land.

Key Highlights

  • Six 3‑bedroom apartments in a 6‑family building
  • Three apartments are rent stabilized
  • Full basement included

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 a full basement, public utilities, and transit access in Ridgewood.
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: Six 3‑bedroom apartments in a 6‑family building; Three apartments are rent stabilized; Full basement included
More about this property
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