$2,500,000
Updated 9 months ago
Off Market

1851 Madison Street

Ridgewood, Queens | Woodbine Street & Madison Street

6,250 Square FeetMixed Use

$2,500,000
floors / apts4 / 4
Lot Size25'1"x100'
Built Size25'x100'
Building TypeLow-Rise
RE Taxes$27,988
Price Per SF
$400

Outdoor space and views

  • Patio
  • Treeline Views

Building Amenities

  • Voice Intercom

Property Description for 1851 Madison Street

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.

Building Details for 1851 Madison Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Seneca Av
0.13 miles
Forest Av
0.15 miles
Myrtle-Wyckoff Avs
0.39 miles

Citi Bike

Madison St & Seneca Ave
0.1 miles
Madison St & Woodward Ave
0.1 miles

Contact Agents

Contact Agents

Licensed As
Althea E. Ffrench
Salesperson
License#:
40FF1132193
Company:
Triumph Property Group
Althea Ffrench
Triumph Property Group
Roy Adams
Triumph Property Group

Ridgewood | Queens

Quick Profile

Unique for being a symbolic and literal bridge between Brooklyn and Queens, Ridgewood incorporates both distinct elements of these boroughs into its persona. Originally considered part of Brooklyn, the neighborhood broke off with Bushwick in the 1700s at a point called, appropriately, Arbitration Rock. When the blackout of 1977 occurred, the residents of Ridgewood only further wanted to dissociate themselves from their Bushwick neighbors as the bedlam that ensued in between the looting and the riots made them feel just a tad superior. 

And yet, just because its zip code changed didn’t mean Ridgewood could ever fully break free from its proximity and entwined identity with Bushwick. Pegged as the next “it” destination and hipster haven to move to circa 2016, Ridgewood has surprised many with its steady pace of growth, therefore well-maintained “neighborhood” feel. 

Rife with quiet blocks filled with quaint, colorful buildings, Ridgewood offers the bodegas and local businesses one also expects of “old world” Brooklyn. An increase in the number of coffee shops, bars and DIY venues have continued its natural association with Bushwick, however, the deeper into the neighborhood you go, the more apparent it becomes that Ridgewood is very much its own very Queensian thing. 

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.
OLR ID: 91013TH