64-24 Madison Street Ridgewood, NY $ 1,138,000
64-24 Madison Street
$ 1,138,000
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64-24 Madison Street

Ridgewood, NY, 11385
$ 1,138,000
Bedrooms-- Baths-- Sq 5,814

Monthly Estimate*

$ 7,100

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Commercial Property for sale in Ridgewood, NY

for $1,138,000. This 5,814 square foot building was built in 1930 on a lot size of 0.073462.

Welcome to 64-24 Madison Street, a well-maintained brick multi-family building located in the heart of Ridgewood, Queens. Situated on a spacious 32 x 100 lot, this three-story property features six residential units, each with a classic railroad-style layout. Each story provides two apartments each with multiple bedrooms, kitchen, living room, and a full bathroom. The building also provides a full unfinished basement with access to the back yard. Five out of six units are currently occupied, owner's unit to be delivered vacant - potential for an additional $25k in annual revenue. Located just moments from the Fresh Pond Road subway station (M Train) and multiple bus lines, commuting is convenient and efficient. The surrounding neighborhood is rich with amenities, including local schools, shopping, and places of worship, all within easy reach. This is a rare opportunity to own a sizable, income-generating property in one of Ridgewood’s most desirable locations.

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Commercial Pending

Price

$ 1,138,000

Property Type

Commercial

Taxes

$ 20,544

Style

Multi Family

Lot Size

0.073462

Year Built

1930

Town/City

Ridgewood

County/Region

Queens

MLS | Web ID

860958

Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Electric
Utilities Electricity Available Natural Gas Available
Appliances Refrigerator Stainless Steel Appliance(s)
Construction Materials Brick
Year Built 1930
Tenant Pays Electricity Gas
Property Subtype Multi Family
Tax Year 2024
County Queens
Insurance Expense 3950
Property Type Commercial Sale
City New York
Number Of Units Total 6
Property Attached Y/N N
Tax Annual Amount 20544.88
Fuel Expense 6469
Water Sewer Expense 8958
Additional Parcels Y/N N
Building Area Units Square Feet
Standard Status Pending
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Interior
Basement Finished Full
Flooring Hardwood Tile
Total Stories 3
Basement Features Finished Full
Basement (Y/N) Y
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Exterior
Water Source Public
Building Area Total 5814
Waterfront Y/N N
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Internal Only
Street Number 1 64
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* Excluded Features
List By
Etan Hakimi

Listing Agent

Mitra Hakimi Realty Group Llc

Broker

718-268-5588

Contact

Affordability Calculator

$8,812
Per Month
81%
19%
0%
Monthly Principal & Interest
$7,100
Monthly Property Taxes
$1,712
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/12/2025$1,138,000 Listed Price

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64-24 Madison Street, Ridgewood, NY, 11385 is a Commercial Property for sale at $1,138,000 with 5,814 sqft and a lot size of 0.073462. 64-24 Madison Street was built in 1930. The property's zip code is 11385 which is in Ridgewood, NY