Queens  »  11385  »  Madison St  »  1640 Madison St

16-40 Madison Street, Ridgewood, NY 11385 - Property report

Also known as: 16-40 Madison St

Property image for 16-40 Madison Street, Ridgewood, NY 11385
static Mapbox map

Property type

Primarily Five to Six Family with One Store or Office (S5)

Year built

1931

Lot sq. ft.

2,648

Sale price

$450,000

General information

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Address
Primary address
16-40 Madison Street
ZIP code
11385
Neighborhood
Ridgewood
Borough
Queens
Block & lot
03545-0030

Owner

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Building
Property type
Primarily Five to Six Family with One Store or Office (S5)
Building sq. ft.
5,400
Building dimensions
26.5 ft x 68 ft
Buildings on lot
1
Stories
3
Year built
1931
Building material
Sales
Sale date
05/25/2005
Sale price
$450,000
Tax
Tax year
2026-2027
Property tax
$32,470
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
5
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
26.42 ft x 100.25 ft
Lot sq. ft.
2,648

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
99 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
24
Community district
5
Closest police station
0.48 Miles
Closest fire station
0.38 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 16-40 Madison Street, Ridgewood, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 16-40 Madison Street, Ridgewood, NY 11385

Sale date Sale price Buyer name Seller name
05/25/2005 $450,000 XXXXXXXXX, XXXXXXXX XXXXX X. XXXXXXXX, X.X. , X.X.

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
05/28/2025 - R UCC3 Continuation
(2025052701048001)		 XXXXXXXXX XXXXXXXX XXXXXXXX XXXX
08/04/2020 - R UCC3 Continuation
(2020072100945001)		 XXXXXXXXX XXXXXXXX XXXXXXXX XXXX
11/06/2015 - R Initial UCC1
(2015110400413007)		 XXXXXXXXX XXXXXXXX XXXXXXXX XXXX
11/06/2015 - R UCC3 Termination
(2015110400413006)		 XXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXX XXXXXXXXXXX
11/06/2015 - R
11/02/2015 - D		 Assignment of Leases and Rents
(2015110400413004)		 XXXXXXXXX XXXXXXXX XXXXXXXX XXXX
11/06/2015 - R
11/02/2015 - D		 Agreement
(2015110400413003)		 XXXXXXXXX XXXXXXXX XXXXXXXX XXXX
11/06/2015 - R
11/02/2015 - D		 Mortgage
(2015110400413002)		 XXXXXXXXX XXXXXXXX XXXXXXXX XXXX
11/06/2015 - R
10/30/2015 - D		 Termination of Assign of L&R
(2015110400413005)		 XXXXXXXX XXXXXXX XXXXXXXXXXX XXXXXXXXX XXXXXXXX
11/06/2015 - R
10/30/2015 - D		 Assignment, Mortgage
(2015110400413001)		 XXXXXXXX XXXXXXX XXXXXXXXXXX XXXXXXXX XXXX
10/17/2011 - R UCC3 Continuation
(2011092700936001)		 XXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXX XXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 16-40 Madison Street, Ridgewood, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$32,470
Municipal exemptions
Recent tax assessments
Market value
$1,440,000
Assessed value
$648,000

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $1,200,000 $540,000 $252,875 12.439% $31,455 $31,455 +7.46%
2024/25 $999,600 $449,820 $234,173 12.5% $29,272 $29,272 +7.97%
2023/24 $833,000 $374,850 $216,853 12.502% $27,111 $27,111 +10.07%
2022/23 $694,000 $312,300 $200,793 12.267% $24,631 $24,631 +0.26%
2021/22 $555,000 $249,750 $200,793 12.235% $24,567 $24,567 +2.96%
2020/21 $609,000 $274,050 $194,519 12.267% $23,862 $23,862 +6.20%
2019/20 $601,000 $270,450 $180,133 12.473% $22,468 $22,468 +6.80%
2018/19 $693,000 $311,850 $166,810 12.612% $21,038 $21,038 +7.09%
2017/18 $658,000 $296,100 $154,456 12.719% $19,645 $19,645 -1.34%
2016/17 $596,000 $268,200 $154,456 12.892% $19,912 $19,912 +3.30%
Permits

Permit information for 16-40 Madison Street, Ridgewood, NY

Filing date Job type Job status Job description Initial cost
01/28/2026 Alteration CO
10/18/2024 Alteration CO
02/12/2002 Alteration type 2
04/18/2000 Alteration type 3

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
04/25/2023 Lblvio-low pressure boiler boiler required
03/01/2013 Lblvio-low pressure boiler
01/01/2009 Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record for this property.

Neighborhood

Queens commercial market stats

Review a detailed real estate market overview of Queens and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Queens and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$458

1.2% Y-o-Y

Q1 2026 median price/sq. ft.

$434

-0.5% Y-o-Y

2025 median price/sq. ft.

$452

4.2% Y-o-Y

Check out recently sold homes in Queens and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Palmetto St & Wycoff Ave at NE Corner
Station lines
L-M
Distance (miles)
0.119
View subway map

Access the detailed traffic volume map for 16-40 Madison Street, Ridgewood, NY 11385 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 16-40 Madison Street, Ridgewood, NY

55-16 Myrtle Ave, Ridgewood 7-79 Wyckoff Ave, Ridgewood 16-48 Madison St, Ridgewood 16-36 Madison St, Ridgewood 7-49 Wyckoff Ave, Ridgewood 55-14 Myrtle Ave, Ridgewood 16-34 Madison St, Ridgewood 16-42 Madison St, Ridgewood 55-10 Myrtle Ave, Ridgewood 16-05 Putnam Ave, Ridgewood 7-45 Wyckoff Ave, Ridgewood 55-12 Myrtle Ave, Ridgewood 54-32 Myrtle Ave, Ridgewood 54-30 Myrtle Ave, Ridgewood 55-08 Myrtle Ave, Ridgewood 54-20 Myrtle Ave, Ridgewood 16-44 Madison St, Ridgewood 55-06 Myrtle Ave, Ridgewood 55-18 Myrtle Ave, Ridgewood 16-26 Madison St, Ridgewood

Nearby ZIP codes for 16-40 Madison Street, Ridgewood, NY

11104, New York City, NY 11206, New York City, NY 11207, New York City, NY 11208, New York City, NY 11212, New York City, NY 11221, New York City, NY 11233, New York City, NY 11237, New York City, NY 11239, New York City, NY 11372, New York City, NY 11373, New York City, NY 11374, New York City, NY 11375, New York City, NY 11377, New York City, NY 11378, New York City, NY 11379, New York City, NY 11416, New York City, NY 11417, New York City, NY 11418, New York City, NY 11421, New York City, NY

Frequently asked questions

What is the year built for 16-40 Madison Street, Ridgewood, NY 11385?

The development at 16-40 Madison Street, Ridgewood, NY 11385 was built in 1931.

What is the market value of 16-40 Madison Street, Ridgewood, NY 11385?

The current market value of 16-40 Madison Street, Ridgewood, NY 11385 is $1,440,000.

What is the total square footage of 16-40 Madison Street, Ridgewood, NY 11385?

16-40 Madison Street, Ridgewood, NY 11385 has a total of 5,400 square feet.

What is the price per square foot for this property?

$83 per square foot is the price for 16-40 Madison Street, Ridgewood, NY 11385.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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