6119 Madison st, Ridgewood, NY 11385

$2,168,000
Active for Sale
 
Listing ID 11742245
Property Type Multi-Unit (5+)
County Queens
Township Ridgewood
Neighborhood Ridgewood
Total Tax $27,717
FEMA Flood Map fema.gov/portal
Year Built 1930
Virtual Tour

Prime 8-Unit Brick Investment Property in the Heart of Ridgewood

Rare opportunity to own a fully occupied 8-unit brick investment property in the highly desirable Ridgewood, Queens market! Located at 6119 Madison St, this income-producing asset offers strong in-place cash flow with tremendous long-term upside in one of NYC's hottest rental neighborhoods. The building features approximately 9,200 sq. ft. of living space, spacious apartments, and extensive upgrades completed throughout the property. Additional income from storage spaces adds even more value to this exceptional investment. Investors will appreciate the solid tenant base, rent-stabilized units, and low-maintenance brick construction. Tenants pay their own electric and cooking gas, helping reduce operating expenses. Situated just steps from the M Train with quick access to Manhattan, and surrounded by trendy restaurants, cafes, shopping, and nightlife, this property continues to benefit from Ridgewood's growing demand and strong rental market. Whether you are looking to expand your portfolio or secure a stable multifamily asset in a thriving location, this is a prime opportunity with reliable income and future appreciation potential. Don't miss out on owning a standout building in one of Queens' most sought-after neighborhoods!
Property Details
  • 8 Full Baths
  • 9200 SF (AG)
  • 9200 SF (Total)
  • Built in 1930
  • Renovated 2020
  • 4 Stories
  • Available 5/11/2026
  • Full Basement
  • 1175 Lower Level SF
  • Lower Level: Partly Finished
Unit Information
Unit #1 – Residential Income, Gross Area: 1100, Rent Price: 2061, Bedrooms: 3, Full Baths: 1, Occupied, Unit Count: 1
Unit #2 – Residential Income, Gross Area: 1100, Rent Price: 2035, Bedrooms: 4, Full Baths: 1, Occupied, Unit Count: 2
Unit #3 – Residential Income, Gross Area: 1100, Rent Price: 1590, Bedrooms: 4, Full Baths: 1, Unit Count: 3
Unit #4 – Residential Income, Gross Area: 1100, Rent Price: 2200, Bedrooms: 4, Full Baths: 1, Occupied, Unit Count: 4
Unit #5 – Residential Income, Gross Area: 1100, Rent Price: 1576, Bedrooms: 4, Full Baths: 1, Occupied, Unit Count: 5
Unit #6 – Residential Income, Gross Area: 1100, Rent Price: 1386, Bedrooms: 4, Full Baths: 1, Occupied, Unit Count: 6
Unit #7 – Residential Income, Gross Area: 1100, Rent Price: 2255, Bedrooms: 4, Full Baths: 1, Occupied, Unit Count: 7
Unit #8 – RESIDENTIAL_INCOME, Gross Area: 1100, Rent Price: 2860, Bedrooms: 4, Full Baths: 1, Occupied, Unit Count: 8
Interior Features
  • Ceramic Tile Flooring
  • Hardwood Flooring
  • Steam Radiators
  • Natural Gas Fuel
  • Natural Gas Avail
  • 110 Amps
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Rubber Roof
  • Municipal Water
  • Municipal Sewer
  • Trees
  • Street View
  • City View
  • Near Bus
  • Near Train
Income/Expenses
  • Gross Income $198,288
  • Net Income $141,292
  • Insurance Exp $9,235
  • Heat Exp $9,146
  • Electric Exp $1,056
  • Water Exp $9,037
  • Misc Exp $805
  • Total Exp $56,996
  • Paid by Landlord: Heat, Gas, Water, Insurance
Taxes and Fees
  • $27,717 Total Tax
Listed By
ONE STOP MULTISERVICE INC
Office: 718-554-0257
Mobile: 718-554-0257
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