59-51 Madison St, Ridgewood, NY 11385

Building Details

Year built

1930

Floors in Building

3

Architectural style

Other

Listing agent John Suarez Show Phone

Listing office TIP TOP REALTY MANAGEMENT CORP 61-06 MYRTLE AVENUE, GLENDALE, NY Show Phone

Listing date May 19, 2026

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MLS# 11777765 Listing URL

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.

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Overview

This well-maintained six-family property at 59-51 Madison St in Ridgewood, NY is fully occupied and designed for straightforward day-to-day management. The building features modern apartments, including a brand-new renovation in Apartment 2L. Two of the units are lead-free, offering additional compliance peace of mind. The property also has a 200-amp electrical service to support current energy demands.

Set in a convenient Ridgewood area, the property is described as being near public transportation as well as shopping, dining, and local amenities. This accessibility is consistent with the building’s ongoing ability to attract and retain tenants.

For investors or owners looking for an income-oriented multifamily asset, this property presents an immediately occupied configuration with documented building systems and unit-level improvements, including the recently renovated Apartment 2L. With two lead-free units and an updated electrical service, it offers practical considerations for buyers focused on maintaining standards and reducing operational friction from the outset.

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Coworking & Hybrid Office Carpet & Flooring Store Restaurant Shopping Center & Mall Catering Service Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Ridgewood

County

Queens

State

New York

Longitude

-73.90071

Latitude

40.706444

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FAQs

What type of property is this?

Apartment building - Well-maintained six-family property with a renovated unit and lead-free units, fully occupied for streamlined operations.

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 $1,050,000.

What are key features of this property?

This property features: Six‑family property with fully occupied status, providing immediate stable rental income; Brand‑new renovation in Apartment 2L; Two of the units are lead‑free