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Street View
$2,500,000
Monthly Est:$12,443
-- Bed
-- Bath
6,250sqft
1851 Madison St, Ridgewood, NY 11385
$2,500,000
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Multi Family
Built in 1971
$-- HOA
2,508 sqft lot
$400/sq.ft
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.
- Houzeo last checked: 4 hours ago
- Listing updated: January 12, 2026 at 3:02 pm
- Listing Provided by: Althea E Ffrench (164) 681-27655 , Roy E Adams (917) 655-9180 | Triumph Property Group Ltd (212) 448-9400
- Source: Rebny MLS-NY | MLS#: RLS20045233
Property Details
Status
Active
Type
Multi Family
No. of Stories
4
County
City
Neighborhood
Year Built
1971
HOA Fees
-
Finished Area
6,250 sqft
Lot Size
2,508 sqft lot
Basement Area
- sqft
MLS Name
Rebny MLS
MLS Number
RLS20045233
Days on Market
426
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Exterior Features
Private Outdoor Space Under60sqft
Construction
Year Built
Year Built: 1971
Home type
Multi Family
Architectural Style
Prewar, Walk Up
Utilities & Energy
Laundry Features
See Remarks
Other Features
Patio And Porch Features
Patio
Subdivision Name
Ridgewood
Price History
| Date | Event | Price |
|---|---|---|
09/02/2025 Source: | Listed for Sale | $2,500,000 $400/sqft |
Ridgewood Ranks #42 in New York, NY
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The real estate listing data marked with this icon comes from the IDX program of the RLS at REBNY Listing Service (RLS). Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS") through Nov 02, 2026, 02:15PM. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Buyer to verify all information. © 2026 The Real Estate Board of New York, Inc. All rights reserved.
Advertising Broker: Derek Greene | The Greene Realty Group
