Nestled in the heart of the Central Ridgewood Historic District, this charming two-family home offers character, convenience, and exceptional potential. Located one block from the Forest Ave station (M Train) and walking distance to the vibrant shops, restaurants, and markets along Fresh Pond Road, this property combines historic charm with unbeatable city access. Inside, youll find original woodwork throughout and classic pocket doors in the first-floor bedroom, showcasing the craftsmanship of a bygone era. The home features separate water, gas, and electric meters, making it ideal for multi-unit living or investment purposes. The partially finished basement, with its generous ceiling height and two means of egress, offers the opportunity to easily convert the property into a three-family home. Recent improvements include a brand-new boiler and two newer hot water hydronic systems, along with a well-maintained roof that ensures peace of mind. While upgrades and cosmetic updates are needed, the home has been well cared for and will be sold as-is, allowing you to bring your vision to life. With its combination of location, historic appeal, and income potential, 5938 Madison St is a rare opportunity in one of Queens most sought after neighborhoods.
Property Features
Bedrooms
- Bedrooms: 5
- Bedroom 2 Level: First
- Bedroom 3 Level: Second
- Bedroom 5 Level: Second
Other Rooms
- Total Rooms: 14
- Basement Features: Partially Finished
- Den Level: First
- Basement Description: Partially Finished
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- First Floor Bedroom
- Entrance Foyer
- Formal Dining
- Flooring: Carpet, Linoleum, Wood
- Window Features: Oversized Windows
Appliances
- Gas Oven
- Gas Range
- Refrigerator
- Washer
- Laundry Features: In Basement
Heating and Cooling
Kitchen and Dining
- Dining Area Level: First
- Kitchen Level: First
Exterior and Lot Features
- Awning(s)
- Fencing: Chain Link
Land Info
- Lot Description: Back Yard, Level
- Lot Size Acres: 0.0461433
- Lot Size Dimensions: 20x100.5
- Lot Size Square Feet: 2010
School Information
- Elementary School: Ps 88 Seneca
- Elementary School District: Queens 24
- High School: Grover Cleveland High School
- High School District: Queens24
- Middle School: Is 93 Ridgewood
- Middle or Junior School District: Queens24
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 3391.76
- Tax Block: 3501
- Source Listing Status: Active
- County: Queens
- Cross Street: Forest Ave. and 60th Place
- Directions: GPS
- Tax Year: 2024
- Source Property Type: Residential
- Property Subtype: townhouse
- Parcel Number: 03501-0027
- Postal City: Ridgewood
- Postal Code Plus 4: 3908
- Property Subtype: Townhouse
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 3300
- Year Built: 1901
- Building Area Source: Public Records
- Building Area Total: 3300
- Building Area Units: Square Feet
- Construction Materials: Brick, Stucco
- Direction Faces: North
- Levels: Two
- Living Area Source: Public Records
- Property Age: 124
- Property Attached: Yes
Utilities
- Sewer: Public Sewer
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Trash Collection Public
- Water Connected
- Water Source: Public