1851 Madison St Flushing, NY 11385
Ridgewood NeighborhoodEstimated payment $15,443/month
Total Views
18,238
--
Bed
--
Bath
6,250
Sq Ft
$400
Price per Sq Ft
Highlights
- Pre War Building
- 3-minute walk to Seneca Avenue
- 2-minute walk to Rosemary's Playground
- Intercom
- Patio
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,988
Year Built
- Built in 1971
Lot Details
- 2,508 Sq Ft Lot
- Lot Dimensions are 25.08 x 100.00
Home Design
- Pre War Building
Interior Spaces
- 6,250 Sq Ft Home
- 4-Story Property
- Intercom
Outdoor Features
- Patio
Community Details
- Ridgewood Subdivision
Listing and Financial Details
- Legal Lot and Block 0054 / 3470
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $27,988 | $231,154 | $41,594 | $189,560 |
| 2024 | $27,988 | $223,870 | $46,174 | $177,696 |
| 2023 | $25,918 | $207,308 | $45,083 | $162,225 |
| 2022 | $23,491 | $521,550 | $109,800 | $411,750 |
| 2021 | $21,816 | $464,400 | $109,800 | $354,600 |
| 2020 | $22,178 | $510,300 | $109,800 | $400,500 |
| 2019 | $21,719 | $433,080 | $109,800 | $323,280 |
| 2018 | $20,283 | $159,468 | $48,516 | $110,952 |
| 2017 | $18,785 | $147,690 | $47,354 | $100,336 |
| 2016 | $17,636 | $147,690 | $47,354 | $100,336 |
| 2015 | $11,446 | $136,778 | $54,982 | $81,796 |
| 2014 | $11,446 | $132,468 | $62,278 | $70,190 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | For Sale | $2,500,000 | -- | $400 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Uslife Title Insurance Compa | |
| Interfamily Deed Transfer | -- | Uslife Title Insurance Compa |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $300,000 | Commercial |
Source: Public Records
About the Listing Agent
A 40 year resident of New York City, Althea Ffrench is a patient and tireless advocate and real estate resource for her clients. Whether a novice or seasoned buyer, seller, tenant or landlord she is a professional who goes the extra miles to provide the best in client satisfaction. With her attention to detail courtesy of a decade in the music industry pouring over artist and producer contracts and another 8 years as a licensed real estate salesperson, she negotiates the best deal possible for
Althea's Other Listings
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20045233
APN: 03470-0054
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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