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18-30 Madison Street Ridgewood, NY $ 1,189,000
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$ 1,189,000 Get more info
18-30 Madison Street
$ 1,189,000
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18-30 Madison Street

Ridgewood, NY, 11385
$ 1,189,000
Bedrooms-- Baths-- Sq 5,600

Monthly Estimate*

$ 8,212

18-30 Madison Street, Ridgewood, NY 11385 - Image 1
18-30 Madison Street, Ridgewood, NY 11385 - Image 2

Commercial Property for sale in Ridgewood, NY

for $1,189,000. This 5,600 square foot building was built in 1930 on a lot size of 0.0626.

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 property expenses. Located in prime Ridgewood, with convenient access to transportation, shopping, restaurants, schools, and neighborhood amenities.

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Commercial Active

Price

$ 1,189,000

Property Type

Commercial

Taxes

$ 19,457

Style

Multi Family

Lot Size

0.0626

Year Built

1930

Town/City

Ridgewood

County/Region

Queens

MLS | Web ID

1051986
Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Wall/Window Unit(s)
Utilities Electricity Available Electricity Connected Natural Gas Available Natural Gas Connected Sewer Available Sewer Connected Trash Collection Public Water Available Water Connected
Zoning R6B
Construction Materials Brick
Year Built 1930
Property Subtype Multi Family
Tax Year 2025
Parcel Number 03462-0030
County Queens
Property Type Commercial Sale
High School Grover Cleveland High School
City New York
High School District Queens24
Number Of Units Total 6
Elementary School Ps 88 Seneca
Property Attached Y/N Y
Tax Annual Amount 19457.24
Middle/Junior High School Joseph F Quinn Intermediate School 77
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Queens24
Elementary School District Queens 24
Tax Assessed Value 373500
Cap Rate 11040
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Interior
Basement Full
Basement Features Full
Basement (Y/N) Y
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Exterior
Parking Features None None
Water Source Public
Building Area Total 5600
Waterfront Y/N N
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Internal Only
Street Number 1 18
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* Excluded Features
List By
Talaat A. Elkaray

Listing Agent

Keller Williams Landmark Ii

Broker

347-846-1200

Contact

Affordability Calculator

$9,834
Per Month
84%
16%
0%
Monthly Principal & Interest
$8,212
Monthly Property Taxes
$1,621
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4892093 Elementary School
5163156 Middle School
Grover Cleveland High School High School
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Pricing History
DatePricePrice ChangeDescription
9/17/2026$1,189,000 Listed Price

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18-30 Madison Street, Ridgewood, NY, 11385 is a Commercial Property for sale at $1,189,000 with 5,600 sqft and a lot size of 0.0626. 18-30 Madison Street was built in 1930. The property's zip code is 11385 which is in Ridgewood, NY

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