Six-Unit Apartment
For Sale
$995,000
59-51 Madison St, Ridgewood, NY 11385
Business Opportunity, Ridgewood, NY
Property SizeContact for details
Days on Market140
Property Features for 59-51 Madison St
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 8, Bedroom 2, Bedroom 9, Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 11, Bathroom 5, Bedroom 12, Bedroom 7, Bedroom 10, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 6, Bedroom 5
Subdivision
Ridgewood
Directions
Madison street, between Forest Ave and 60 Place
Standard status
Active
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Architectural style
Other
Listing Agency:
TIP TOP REALTY MANAGEMENT CORP
(718) 541-1077
Listed By:
John Suarez
(917) 966-6084
Added: May 19
Changed: Sep 15
Last Checked: Oct 5 at 4:06AM
MLS# 11777765
Copyright © 2026 My State 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 six-family apartment building contains modern residential units and is fully occupied. Apartment 2L has undergone a brand-new renovation, while two units are lead-free. The property is served by 200-amp electrical service, natural gas heating, and public water.
The building is located on Madison St in Ridgewood, Queens, near public transportation, shopping, dining, and local amenities. Its established residential setting and existing occupancy provide a straightforward multifamily configuration for an owner or investor evaluating an apartment property.
The building is located on Madison St in Ridgewood, Queens, near public transportation, shopping, dining, and local amenities. Its established residential setting and existing occupancy provide a straightforward multifamily configuration for an owner or investor evaluating an apartment property.
Key Highlights
- Six‑family apartment building built in 1930
- Fully occupied residential property
- Apartment 2L features a brand‑new renovation
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,266
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily building with modern apartments, public water, and natural gas heating.
Where is this apartment building located?
The property is located at 59-51 Madison St Ridgewood, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Six‑family apartment building built in 1930; Fully occupied residential property; Apartment 2L features a brand‑new renovation
