$10,000 Closing Credit¹
#490365, Listing Office: RE/MAX Edge
$1,150,000 List price
1830 Madison St Ridgewood, NY 11385
$10,000
Closing credit¹
18 beds
6 full
Multi-Family
Property details
About 1830 Madison St
New Exclusive Listing Introducing 1830 Madison St, Ridgewood, NY 11385 Asking price - $1,250,000 Solid Rent-Stabilized 6-Family Brick Building in Ridgewood - Prime Investment Opportunity! Property boasts 5,600 sq ft of livable space Exceptional opportunity to own a rent-stabilized, income-producing 6-family brick building in the heart of Ridgewood, Queens, generating approximately $111,000 in annual rental income. This well-maintained property consists of six spacious 3-bedroom railroad-style units, all thoughtfully updated and fully occupied, ensuring consistent cash flow. Nestled in a high-demand rental market, this building is situated in a beautiful and diverse neighborhood, known for its excellent school system and strong community appeal. Residents enjoy easy access to public transportation, with the Forest Ave and Seneca Ave train stations nearby, making commuting to Manhattan and Brooklyn seamless. With Ridgewood's rising popularity and stable rental market, this property presents an excellent long-term investment with strong upside potential. Don't miss this rare opportunity to own a solid, income-generating asset in one of NYC's most desirable locations! Location: Ridgewood, Queens (Brooklyn Border) Units: 6 Spacious 3-Bedroom Railroad Apartments Income: Approx. $111,000 Annual Rental Income • Transit: Near Forest Ave & Seneca Ave Train Stations ~ Investment: Rent-stabilized, Fully Occupied, strong Growth Potential Income approximately - $111,000 Expenses - $38,000
Highlights
Home typeQuadruplex
HeatingHot Water
StatusActive
CoolingCentral Air
BasementYes
Year built1930
MLS #840839
Summary
- Full Bathrooms: 6
- Basement: Yes
- Total Bedroom Count: 18
- Heating: Hot Water
- Cooling: Central Air
- List Price: $1,150,000
- Year Built: 1930
- MLS Number: 840839
- MLS Name: ONEKEY2
- Office Name: Alexiou Realty
- Office Phone: (718) 204-0101
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Last updated on: 5/6/2025, 4:11:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,150,000
1830 Madison St
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
P.S. 239 Queens
Public District KG-5
0.2 mi
•1715 Weirfield St
6
P.S. 81 Jean Paul Richter School
Public District PK-5
0.4 mi
•559 Cypress Ave
5
P.S. 88 Seneca School
Public District PK-5
0.5 mi
•6085 Catalpa Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,984. Residents of Ridgewood, NY typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
30%
<35k
61%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
19%
Single, with Kids
19%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
7%
12-17 yrs old
35%
18-34 yrs old
36%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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$10,000 Closing Credit¹
#RLS10983390, David Behar, Listing Office: R New York
This home is located at 1830 Madison St in Ridgewood, NY and zip code 11385 in the Ridgewood neighborhood. Features: 18 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since March 26, 2025 and is currently priced at $1,150,000.
Ridgewood, NY housing market in April 2025 saw over 210 listings sold above listed price, more than 792 sold at listed price and over 652 sold below. Between March and April 2025, Ridgewood, NY real estate market has seen increase in the number of listings by 1.7%. In April 2025, listings were on the market for 131 days. During the same period, the median list price in this real estate market was $870,078.
From Rocket Homes Real Estate and based on county public records data.