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$1,880,000

  • For Sale
  • Active
  • Commercial
See This Home
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Best opportunity to own a beautiful 6-family property in the heart of Queens! The property features six spacious 3-bedroom apartments along with a full basement. A strong 7% ROI on rental income( 3 Rent Stabilized ) Measuring 27.5X69 feet on a 27.5X100 foot lot, Close to train station and all. Q58 bus station is right in front of the building.The property is surrounded by a diverse mix of cafes, restaurants, shopping centers, grocery stores Etc. And It is just a 2-minute walk to Key Food. NET Operating Income around $135,000. Cash Flow Awaits!

Full Property Details for 18-56 Madison St

General

  • Price: $1,880,000
  • Taxes: $19,457
  • Status: Active
  • Type: Commercial
  • Source: Long_Island
  • MLS ID: 1011465
  • Updated: 6/9/2026
  • Added to Site: 32 day(s) ago

Additional Information

  • Amenities: Other, Park, Playground

Parking

  • Parking Features: None

Location

  • County: Queens

School Information

  • High School District: Queens24
  • Elementary School: Ps 88 Seneca

Heating & Cooling

  • Cooling Type: Electric
  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Trash Collection Public, Water Available

Structural Information

  • Detached/Attached: Attached
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Finished
  • Building Size: 5700
  • Square Feet: 5,700
  • Year Built: 1930

Lot Features

  • Lot Size (Acres): 0.0629
  • Lot Size (Sq. Ft.): 2,742
  • Zoning: R6B

Financial Considerations

  • Tax Amount: $19,457.24
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 03471-0004

Listed by Sany Realty Group LLC

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Listing agents

— 18-56 Madison St —

  • Sany Realty Group LLC

  • Sany Realty Group LLC

718-799-0726

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 18-56 Madison St

School District:New York City Geographic School District 24
NameGradesDistance
Ps 88 Seneca
60-85 Catalpa Ave, Queens, NY 11385
PK-50.5 mi
Joseph F Quinn Intermediate School 77
976 Seneca Ave, Queens, NY 11385
6-80.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 18-56 Madison St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/09/2026
Listed
$1,880,000
56.67%
MLS
7/28/2025
Sold
$1,200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 18-56 Madison St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,649
—
$157,196
—
2025
$19,649
3%
$157,192
-55%
2024
$19,032
8%
$353,160
150%
2023
$17,628
10%
$140,998
-62%
2022
$16,019
8%
$367,650
12%
2021
$14,833
-2%
$328,950
-9%
2020
$15,082
3%
$360,900
5%
2019
$14,606
14%
$345,060
218%
2017
$12,776
—
$108,460
8%
2017
$12,776
7%
$100,449
8%
2016
$11,991
—
$93,015
—
2015
$11,983
11%
$93,013
3%
2014
$10,802
4%
$90,079
8%
2013
$10,380
—
$83,431
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 18-56 Madison St

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Down Payment
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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listed by Sany Realty Group LLC

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1856 Madison Street, Ridgewood, NY 11385 (MLS# 1011465) is a Commercial property. 1856 Madison Street is currently listed for $1,880,000 and was received on June 09, 2026. Want to learn more about 1856 Madison Street? Do you have questions about finding other Commercial real estate for sale in Ridgewood? You can browse all Ridgewood real estate or contact a Coldwell Banker agent to request more information.

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