Six-Family Apartment Building with Renovated
For Sale
$995,000
59-51 Madison St, Ridgewood, NY 11385
COMMERCIAL - Other - Ridgewood, NY
Property SizeContact for details
Days on Market94
Property Features for 59-51 Madison St
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 12, Bathroom 5, Bathroom 2, Bathroom 6, Bedroom 1, Bedroom 10, Bedroom 4, Bedroom 11, Bedroom 7, Bedroom 9, 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: Aug 4
Last Checked: Aug 20 at 9:06PM
MLS# 11777765
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Investment Insights
Based on property information with market context.
This well-maintained six-family apartment building offers 6 fully occupied units and a mix of updated interiors. The building includes a brand-new renovation in Apartment 2L, and two of the units are identified as lead-free.
The property is equipped with 200-amp electrical service. Heating is provided by natural gas, and water service is supplied by public sources. Built in 1930, the building is positioned in a convenient Ridgewood setting near public transportation, shopping, dining, and local amenities.
With the building currently fully occupied, the configuration supports steady rental operations for an owner looking for multifamily exposure with an apartment interior refresh in Apartment 2L and lead-free units included.
The property is equipped with 200-amp electrical service. Heating is provided by natural gas, and water service is supplied by public sources. Built in 1930, the building is positioned in a convenient Ridgewood setting near public transportation, shopping, dining, and local amenities.
With the building currently fully occupied, the configuration supports steady rental operations for an owner looking for multifamily exposure with an apartment interior refresh in Apartment 2L and lead-free units included.
Key Highlights
- Fully occupied six‑family apartment building
- Brand‑new renovation in Apartment 2L
- Two lead‑free units
Property Analytics
Property Profile
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
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 - Well-maintained six-family building with natural gas heat, public water, 200-amp electrical, and a brand-new renovation in unit 2L.
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: Fully occupied six‑family apartment building; Brand‑new renovation in Apartment 2L; Two lead‑free units
