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1851 Madison Street, Queens NY 11385
1851 Madison Street, Queens NY 11385
1851 Madison Street, Queens NY 11385
1851 Madison Street, Queens NY 11385
New York>Queens>Ridgewood

1851 Madison StreetQueens, NY 11385

For Sale

$2,500,000

Smart Buyer Rebate $31,250

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.

Listed by Althea E Ffrench

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License #40FF1132193

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Triumph Property Group Ltd

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16468127655

Listed by Roy E Adams

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License #40AD0706997

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Triumph Property Group Ltd

Last updated September 04, 2025

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Source: REBNY #RLS20045233

Listing Facts

  • TypeMulti-family
  • NeighborhoodRidgewood
  • Days on Prevu10
  • Taxes$27,988/year
  • Size6,250 sqft
  • Price per sqft$400

Amenities

  • Private Outdoor Space
  • Pets Allowed

Location

Mortgage Calculator

Listing History

08/28/2025
Listed by Triumph Property Group Ltd
$2,500,000

Estimated Closing Costs

Total
$90,500
Attorney Fees
$4,000
NYC Mansion Tax
$31,250
Title Insurance
$11,250
Bank Attorney
$1,500
Mortgage Recording Tax
$38,500
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $2,500,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1851 Madison Street

Association

Amenities

  • Pets Allowed: Building Yes, Yes

Exterior

Construction

  • Property Condition: Good Condition
  • Stories Total: 4
  • Year Built: 1971
  • Architectural Style: Prewar

Features

  • Patio And Porch Features: Patio

Measurements

  • Building Area Total: 6,250
  • Building Area Units: SquareFeet
  • Lot Size Area: 2,508
  • Lot Size Dimensions: 25
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Tax Annual Amount: $27,988.00

Interior

Measurements

  • Living Area: 6,250
  • Living Area Units: SquareFeet

Other

Location

  • City Region: Queens
  • Subdivision Name: Ridgewood
  • Tax Block: 3470
  • Tax Lot: 54

Utilities

Equipment

  • Laundry Features: See Remarks
  • Other Equipment: Intercom

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.