6-Unit Multifamily
For Sale
$1,880,000
1856 Madison Street, Ridgewood, NY 11385
MULTI_FAMILY - Ridgewood, NY
Property SizeContact for details
Lot Size0.06 Acres
Days on Market69
Property Features for 1856 Madison Street
General Information
Property type
Residential Multi Family
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
(718) 799-0726
Listed By:
Yan Wang
(646) 620-2250
Added: Jun 9
Last Checked: Aug 16 at 4:06PM
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.
This for-sale multifamily property offers six spacious three-bedroom apartments supported by a full basement. The building configuration is described as six units in total, with apartment layouts sized for comfortable family living. The property is listed with zoning of R6B and measures approximately 27.5 by 69 feet, set on a 27.5 by 100 foot lot.
Located in Ridgewood, Queens at 1856 Madison Street, the offering is presented as being close to a train station. The Q58 bus station is described as being right in front of the building, and the property is noted as a two-minute walk to Key Food. The surrounding area is described as a mix of cafes, restaurants, shopping centers, and grocery stores.
From a tenancy standpoint, the rent roll is described as three rent-stabilized units, with rental income supporting an indicated 7% ROI and net operating income around $135,000, as stated in the remarks. For an owner-operator or investor looking for a straightforward, income-producing residential building with multiple three-bedroom apartments and an on-site full basement, this 6-unit Ridgewood asset may fit well.
Located in Ridgewood, Queens at 1856 Madison Street, the offering is presented as being close to a train station. The Q58 bus station is described as being right in front of the building, and the property is noted as a two-minute walk to Key Food. The surrounding area is described as a mix of cafes, restaurants, shopping centers, and grocery stores.
From a tenancy standpoint, the rent roll is described as three rent-stabilized units, with rental income supporting an indicated 7% ROI and net operating income around $135,000, as stated in the remarks. For an owner-operator or investor looking for a straightforward, income-producing residential building with multiple three-bedroom apartments and an on-site full basement, this 6-unit Ridgewood asset may fit well.
Key Highlights
- 6‑family building with six 3‑bedroom apartments and a full basement
- Year built 1930; construction materials include brick
- Heating: natural gas; cooling: electric
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
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 apartments with a full basement, zoned R6B, offered for sale in Ridgewood, NY.
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 with six 3‑bedroom apartments and a full basement; Year built 1930; construction materials include brick; Heating: natural gas; cooling: electric
