MLS#1051986
STATUSActive
PROPERTY TYPECommercial - Foreclosure
SCHOOLQueens24
Property Description
Welcome to 18-30 Madison Street, Ridgewood, NY. An excellent opportunity to own a well-maintained large six-family property in one of Queens' most sought-after and vibrant neighborhoods. This property is in good condition and features numerous recent upgrades. The property currently generates approximately $110,000 in annual income and offers a cap rate of over 6.5%, making it an attractive opportunity for investors and a young end-user / first-time multi-family buyer to live in one of the units while the rental income from the other apartments helps offset the mortgage and ownership expenses. Located in prime Ridgewood, with convenient access to transportation, shopping, restaurants, schools, and neighborhood amenities.
Property Features
Property Type: Commercial - Foreclosure
Basement: Yes
Basement: Full
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $19,457
Year Built: 1930
Feature Descriptions
Building Area Total: 5600
Cap Rate: 11040
Exterior: Brick
On Market Date: 2026-09-16
Parcel Number: 03462-0030
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Local Schools
High School: Grover Cleveland High School
Middle School: Joseph F Quinn Intermediate School 77
Elementary School: Ps 88 Seneca
School District: Queens24
Listed By / Shown By
Listing By
Agency Name: Keller Williams Landmark II
Agency Contact: 347-846-1200
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
18-30 Madison Street | MLS# 1051986
This commercial property located at 18-30 Madison Street , Ridgewood, NY 11385 is currently listed for sale with an asking price of $1,189,000. 18-30 Madison Street is located within the Queens24 school district. Search Ridgewood real estate on www.cbamhomes.com today.