Presenting a well-maintained six-family property located in one of Ridgewood's most desirable and convenient neighborhoods. This fully occupied building offers immediate, stable rental income. The property features modern apartments, including a brand-new renovation in Apartment 2L, enhancing both value and tenant appeal. Two of the units are lead-free, providing added peace of mind and compliance benefits. The building is equipped with 200-amp electrical service, supporting today's energy demands efficiently. Ideally situated near public transportation, shopping, dining, and local amenities, this location continues to attract high tenant demand, making it a solid long-term investment. Whether you're expanding your portfolio or entering the multifamily market, this Ridgewood property offers a compelling combination of location, condition, and income potential.
For sale
$1,050,000
59-51 Madison St, Ridgewood, NY 11385
12beds
--sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern apartments
- 2 days |
- 464 |
- 40 |
Zillow last checked:
Listing updated:
Listing by:
TIP TOP REALTY MANAGEMENT CORP 718-541-1077,
John Suarez 718-541-1077
Source: NY State MLS,MLS#: 11777765
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Gas
Features
- Basement: Full,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 0
- Finished area above ground: 0
Property
Features
- Stories: 3
- Frontage length: 0
Lot
- Features: Near Bus, Near Train
Details
- Lease amount: $0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Electric: Amps(200)
- Sewer: Municipal
- Water: Municipal
- Utilities for property: Naturl Gas Available
Community & HOA
Community
- Subdivision: Ridgewood
HOA
- Has HOA: No
Location
- Region: Ridgewood
Financial & listing details
- Date on market: 5/19/2026
- Date available: 05/19/2026
- Listing agreement: Exclusive
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Listed for sale | $1,050,000 |
Source: NY State MLS #11777765 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Ridgewood
Nearby schools
GreatSchools rating
- 6/10Ps 88 SenecaGrades: PK-5Distance: 0.3 mi
- 3/10Is 93 RidgewoodGrades: 6-8Distance: 0.1 mi
- 2/10Grover Cleveland H.S.Grades: 9-12Distance: 0.6 mi
A local agent can set up tours, give advice and negotiate with sellers.








