$1,880,000
( $329.82Per Sq Foot )
$10,092 est/mo Sourced by Back At You1856 Madison Street,Ridgewood, NY 11385
Ridgewood, NY 11385
Description
Best opportunity to own a beautiful 6-family property in the heart of Queens! The property features six spacious 3-bedroom apartments along with a full basement.A strong 7% ROI on rental income( 3 Rent Stabilized )Measuring 27.5X69 feet on a 27.5X100 foot lot, Close to train station and all. Q58 bus station is right in front of the building.The property is surrounded by a diverse mix of cafes, restaurants, shopping centers, grocery stores Etc. And It is just a 2-minute walk to Key Food.NET Operating Income around $135,000. Cash Flow Awaits!
Details
| MLS # | 1011465 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 140 |
| Listing Provided By | Sany Realty Group LLC | Yan Wang |
Features
| SQ Feet | 5,700 |
|---|---|
| Basement | Y |
| Units | 6 |
| Zoning | R6B |
| Acreage | 0.06 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Trash Collection Public, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Other, Park, Playground |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 19457.24 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
| School District | Ps 88 Seneca |
| Elementary School | Ps 88 Seneca |
| Listing VS Median (in 11385) | |
Price: $1,880,000 low | high Med: $1,149,888 sqft: 5,700 low | high Med: 2,400 $ / sqft: $330 low | high Med: $479 On site: 140 low | high Med: 959.5 | |
Market Activity 11385
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
| School District | Ps 88 Seneca |
| Elementary School | Ps 88 Seneca |
| Listing VS Median (in 11385) | |
Price: $1,880,000 low | high Med: $1,149,888 sqft: 5,700 low | high Med: 2,400 $ / sqft: $330 low | high Med: $479 On site: 140 low | high Med: 959.5 | |
Nearby Listings (Within 1/4 mile)
Price: $1.41M - $2.35M
sqft: 4,000 - 7,000
 | $2,100,0001830 Cornelia StreetRidgewood, NY 11385 |
 | $2,180,0001830 Cornelia StreetRidgewood, NY 11385 |
 | $1,475,000874 Woodward AvenueRidgewood, NY 11385 |
Listing Updated: July 9, 2026 at 3:25:51 PM PDT
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270 Main Street
Cornwall, NY 12518
845-534-7874
Specializing in Buying and
Selling Real Estate in Cornwall,
NY and surrounding areas.
Fair House Notice
SOP for Purchasers of Real Estate
270 Main Street
Cornwall, NY 12518
845-534-7874
Hours of Operation
Specializing in Buying and
Selling Real Estate in Cornwall,
NY and surrounding areas.
Fair House Notice
SOP for Purchasers of Real Estate
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