6119 Madison St Ridgewood, NY 11385
Ridgewood NeighborhoodEstimated payment $14,034/month
Total Views
18,603
30
Beds
8
Baths
9,200
Sq Ft
$235
Price per Sq Ft
Highlights
- City View
- 3-minute walk to Fresh Pond Road
- French Architecture
- Open Floorplan
- Property is near public transit and bus stop
- Wood Flooring
About This Home
Introducing a rare investment opportunity in the heart of Ridgewood, Queens. This well-maintained 8-family brick building offers 9,200 sq ft of living space on a 36x100 lot, zoned R6B. Built in 1930 and substantially renovated in 2020, approximately 90% of the building has been updated with modern finishes while retaining its pre-war charm. The property consists of 1 three-bedroom unit and 7 four-bedroom units, all rent-stabilized, providing steady and reliable cash flow. Tenants are responsible for their own electric and cooking gas, while the landlord covers heat, water, and insurance. Recent upgrades include a full finished basement, updated interiors, and ongoing maintenance that ensures minimal near-term capital expenses. Situated just two blocks from the M train, the property is within walking distance to shops, dining, and essential services, making it a desirable address for tenants. the property offers both stable income and upside potential through continued rent increases in one of NYC's most desirable rental submarkets. Investment Highlights 8 residential units - mix of 1 x 3BR and 7 x 4BR Rent-Stabilized with reliable long-term tenants Gross Income: $198,288 Net Income: $141,952 that at a 7% Cap, 90% Renovated (modernized interiors, new finishes) Low Maintenance: Professionally managed, clean, and well-kept Transit-Oriented Location: 2 blocks to M train; 30 minutes to Manhattan Upside: Strong demand in Ridgewood + potential package deal with 12 Family In Woodside with an NOI $161K inquire within for more details. Combine with both building will leave you with a total NOI $303K at $4,588,776 That will leave you at a 7% Cap Rate .
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $27,717
Year Built
- Built in 1930 | Remodeled in 2015
Home Design
- French Architecture
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 9,200 Sq Ft Home
- 4-Story Property
- Open Floorplan
- Living Room
- City Views
- Finished Basement
- Basement Fills Entire Space Under The House
- Fire Escape
Kitchen
- Oven
- Granite Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 30 Bedrooms
- 8 Full Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Hot Water Heating System
- Heating System Uses Natural Gas
Additional Features
- 3,600 Sq Ft Lot
- Property is near public transit and bus stop
Community Details
Overview
- Flushing Community
Amenities
- Bike Room
- Community Storage Space
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $27,832 | $222,691 | $5,038 | $217,653 |
| 2025 | $26,965 | $222,652 | $6,045 | $216,607 |
| 2024 | $26,965 | $215,684 | $7,026 | $208,658 |
| 2023 | $24,503 | $199,748 | $6,856 | $192,892 |
| 2022 | $22,635 | $491,400 | $13,500 | $477,900 |
| 2021 | $21,014 | $578,250 | $13,500 | $564,750 |
| 2020 | $21,363 | $634,050 | $13,500 | $620,550 |
| 2019 | $20,925 | $556,740 | $13,500 | $543,240 |
| 2018 | $19,543 | $153,652 | $4,471 | $149,181 |
| 2017 | $18,100 | $142,309 | $4,347 | $137,962 |
| 2016 | $16,988 | $142,309 | $4,347 | $137,962 |
| 2015 | -- | $131,747 | $4,928 | $126,819 |
| 2014 | -- | $127,624 | $5,011 | $122,613 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2026 06/17/26 | Price Changed | $2,158,000 | -0.5% | $235 / Sq Ft |
| 04/30/2026 04/30/26 | For Sale | $2,168,000 | -- | $236 / Sq Ft |
Source: NY State MLS
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $1,400,000 | -- |
Source: Public Records
About the Listing Agent
As a seasoned real estate professional with over 23 years of experience, I specialize in helping homeowners sell their properties quickly, efficiently, and at the best possible price. My deep understanding of the local market and extensive network of buyers and industry professionals ensures that your home gets the exposure it deserves.
Selling your home is more than just a transaction—it’s a life-changing decision. I approach every sale with a personalized strategy, taking the time to
Raymond's Other Listings
Source: NY State MLS
MLS Number: 11737554
APN: 03614-0051 02
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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