1851 Madison Street

Ridgewood   |   Woodbine Street & Madison Street

Price Drop
Building For Sale
$ 2,500,000 [ 1.96% | $ 50,000 ]
Ownership Mixed Use
Lot Size 25'1''x100'
Floors/Apts 4/4
Status Active
Real Estate Taxes [Per Annum] $ 27,988
Building Type Low-Rise
Building Size 25'''x100'''
ASF/ASM 6,250/581
Listing ID: 91013TH

Jason Bauer

License

Manager, Licensed Associate Real Estate Broker

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Property Description

Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgrade in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities and 50% of the property taxes and you have the makings of an investment property that you can hold for years to come.
Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgrade in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities and 50% of the property taxes and you have the makings of an investment property that you can hold for years to come.

Listing Courtesy of Triumph Property Group

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Apartment Features

A/C
1851 Madison Street Ridgewood Queens NY 11385

Building Details [1851 Madison Street]

Ownership Mixed Use
Service Level Voice Intercom
Access Walk-up
Block/Lot 3470/54
Building Size 25'''x100'''
Building Type Low-Rise
Floors/Apts 4/4
Lot Size 25'1''x100'

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.