Madison Palace
1716 Madison Street, Queens, NY 11385
Overview
Madison Palace is a 6-unit condo in Queens, with 4 storage units.
- Offering plan: Accepted August 2026 · 311 pages · floor plans on pages 150–153
- Finishes: 9-foot ceilings, engineered wood floors, stone kitchen countertops, wood cabinets, Bertazzoni appliances, washer/dryer hook-ups and split-system units for heating and cooling
- Prices: $963 a square foot on average, as first offered; $4.94 million in all
- Developer: Tri State Family Ventures LLC; principals Lazer Herman
- Sponsor: 1716 Madison LLC, represented by Jeffrey Zwick & Associates, P.C.
- Neighborhood: Ridgewood, Queens
- Subway: 3-minute walk to Seneca Av (M); 5 minutes to Myrtle-Wyckoff Avs (L, M)
- Amendments: 1, the latest in September 2026
- Units
- 6 residential · 4 storage
- Neighborhood
- Ridgewood, Queens
- Subway
- 3 min walk to Seneca Av MMyrtle-Wyckoff Avs L M, 5 min
- Developer
- Tri State Family Ventures LLC
- Principals
- Lazer Herman
- Average $/sf
- $963Homes in Schedule A, as first offered
- Offering price
- $4.94 million total
- Floor plans
- Pages 150–153 of the plan
- SubmittedSeptember 2026
- AcceptedAugust 2026
- 1 amendment
Units & Prices
First-Year Budget
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Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Compare
| Figure | This building1 | 60-64 Catalpa26 units · 0.5 miaccepted 2026 | 1811 Menahan36 units · 0.3 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $0.39Lowest | $0.50 | $0.94 |
| Average Offering PricePer Apartment | $800,000In line | $845,000 | $733,333 |
| Average PricePer Square Foot | $963Lowest | $1,158 | $1,174 |
| Average Unit SizeSquare Feet | 831 SFLarger | 730 SF | 625 SF |
How We Got This
- Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Closing Costs
The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.
All 6 closing costs in the plan, with their pagesSee it free →The Building
Team
- Sponsor
- 1716 Madison LLC
- Developer
- Tri State Family Ventures LLC
- Principals
- Lazer Herman
- Tax estimate
- RE Tax ServicePrepared the first-year real estate tax projection
- Construction lender
- Webster Business Credit
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 16-24 Jefferson Avenue Condominium0.2 mi · 6 units · 4 parking · 2024
- 400 Linden Street Condominium0.3 mi · 6 units · 2021
- 18-65 Linden Street Condominium0.3 mi · 3 units · 2007
- Ridgewood Place Condominium0.3 mi · 4 units · 2016
- Ridgewood Place Condominium0.3 mi · 2 units · 2025
- 1736 George Street Condominium0.3 mi · 2 units · 2022
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