MLS#1011465
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens24
Property 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!
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Finished
Cooling: Electric
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $19,457
Year Built: 1930
Feature Descriptions
Building Area Total: 5700
Community Features: Other, Park, Playground
Exterior: Brick
On Market Date: 2026-06-09
Parcel Number: 03471-0004
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Tenant Pays: Electricity
Units: 6
Utilities: Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Trash Collection Public, Water Available
Water: Public
Local Schools
Elementary School: Ps 88 Seneca
School District: Queens24
Listed By / Shown By
Listing By
Agency Name: Sany Realty Group LLC
Agency Contact: 718-799-0726
Shown By
Agent Name: JoAnn Brand
Agent Phone: Cell: (516) 655-9595
Agency Title: Coldwell Banker American Homes
1856 Madison Street | MLS# 1011465
This commercial property located at 1856 Madison Street, Ridgewood, NY 11385 is currently listed for sale with an asking price of $1,880,000. Madison Street is located within the Queens24 school district. Search Ridgewood real estate on jbrand.cbamhomes.com today.