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 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. The established medical facility that is a staple in the neighborhood pays its own utilities and 50% of the property taxes making it a profitable long-term investment.
Rent roll and profit and loss statements available upon request.
Active
$2,500,000
1851 Madison St, Ridgewood, NY 11385
8beds
6,250sqft
Building
Built in 1930
-- sqft lot
$-- Zestimate®
$400/sqft
$-- HOA
What's special
Spacious apartment layouts
- 445 days |
- 179 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: January 08, 2026 at 12:49pm
Listing by:
Triumph Property Group 646-812-7655,
Althea Ffrench
Source: StreetEasy,MLS#: S1742433
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Hardwood
Interior area
- Total structure area: 6,250
- Total interior livable area: 6,250 sqft
Property
Details
- Parcel number: 034700054
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Building
Condition
- Year built: 1930
Community & HOA
Community
- Subdivision: Ridgewood
Location
- Region: Ridgewood
Financial & listing details
- Price per square foot: $400/sqft
- Tax assessed value: $1,183,000
- Date on market: 11/1/2024
Estimated market value
Not available
Estimated sales range
Not available
$6,776/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/21/2025 | Price change | $2,500,000-2%$400/sqft |
Source: StreetEasy #S1742433 Report a problem | ||
| 12/9/2024 | Price change | $2,550,000-8.9%$408/sqft |
Source: StreetEasy #S1742433 Report a problem | ||
| 11/1/2024 | Listed for sale | $2,800,000-3.4%$448/sqft |
Source: StreetEasy #S1742433 Report a problem | ||
| 7/1/2023 | Listing removed | -- |
Source: | ||
| 6/6/2023 | Price change | $2,900,000-12.1%$464/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $532,350 +5.4% |
| 2023 | -- | $504,900 -3.2% |
| 2022 | -- | $521,550 +12.3% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: Ridgewood
Nearby schools
GreatSchools rating
- 6/10Ps 88 SenecaGrades: PK-5Distance: 0.5 mi
- 3/10Joseph F Quinn Intermediate School 77Grades: 6-8Distance: 0.3 mi
- 2/10Grover Cleveland H.S.Grades: 9-12Distance: 0.6 mi
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