$10,000 Closing Credit¹
#824361, Listing Office: E Realty International Corp
#RLS11018709·
Listing Office: Triumph Property Group Ltd·
Listing Agent: Althea Ffrench·
Listing Agent Phone: 16468127655·
Listing Office Phone: (212) 448-9400
$2,500,000 List price
1851 Madison St New York City, NY 11385
$10,000
Closing credit¹
0 beds
6,250 sqft
$400 / sqft
Multi-Family
Property details
About 1851 Madison St
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.
Highlights
Home typeMulti Family
StatusActive
Size6,250 sqft
Year built1971
MLS #RLS11018709
Summary
- MLS Number: RLS11018709
- MLS Name: RLS
- Office Name: Triumph Property Group Ltd
- Office Phone: (212) 448-9400
- Listing Agent: Althea Ffrench
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 3/10/2025, 8:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,500,000
1851 Madison St
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
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 $42,679. Residents of New York City, NY typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
45%
<35k
46%
35k-100k
5%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
22%
Single, with Kids
15%
Married, No Kids
27%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
9%
12-17 yrs old
32%
18-34 yrs old
34%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
Foot Locker
H&M
Burlington
Where do the neighbors go to eat?
Little Caesars
Popeyes
Boston Market
What do the neighbors drive?
Dodge
Nissan
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 1851 Madison St in New York City, NY and zip code 11385 in the Ridgewood neighborhood. This 6,250 square foot home was built in 1971. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $2,500,000.
In February 2025 more than 189 listings in New York City, NY were sold above the asking price. During the same period more than 682 listings were sold at asking price, while more than 627 were sold below. The inventory of homes for sale in New York City, NY between January and February 2025 decreased by 3.1%. In February 2025, listings were on the market for 130 days. During the same period, the median list price in this real estate market was $867,439.
From Rocket Homes Real Estate and based on county public records data.