# 6119 Madison Street, Ridgewood, NY 11385

> **TL;DR:** residential multi family, $2,158,000, built 1930.
> Hardwood, A/C. Est. $9,351/mo. Listed 27 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,158,000 |
| Year Built | 1930 |
| Lot Size | 3,598 sqft (0.08 acres) |
| Stories | 4 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 27 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $9,351 |
| **Total** | **$9,351** |

## Key Amenities

- Hardwood
- A/C

## Property Highlights

- Built in 1930
- 0.08 acre lot
- 4 stories

## Description

### Agent Description
Prime 8-Unit Rent-Stabilized Building in Ridgewood - 2 Blocks from the M train 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: $191,364 Net Income: $141,964 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 $170K inquire within for more details. Combine with both building will leave you with a total NOI $312K at $5,050,000 That will leave you at a 6% Cap Rate .

## Location

- **Address:** 6119 Madison Street, Ridgewood, NY 11385
- **County:** Queens

## Listing Agent

- **Name:** Raymond N. Rivera
- **Brokerage:** One Stop Multi Service Inc
- **Phone:** 7185540257
- **Email:** onestophousing1@aol.com

## Primary Photo

![6119 Madison Street - Primary Photo](http://lh.rdcpix.com/ac6618e835018612f3061aba92ed14fal-f283239512r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/6119-madison-street-ridgewood-ny-11385-y995580)*

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**MLS#:** 995580 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/6119-madison-street-ridgewood-ny-11385-y995580)

---

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