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    18-58 Cornelia St Ridgewood, NY 11385

    Sponsored
    For Sale
    $1,100,000

    MULTI_FAMILY - Ridgewood, NY

    Lot size:
    0.06 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 18-58 Cornelia St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R6B
    Rooms
    Basement
    APN
    03473-0004
    Parking features
    On Street
    Basement
    Full
    Lot size
    0.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating)

    Building Details

    Year built
    1930
    Floors in Building
    3
    Number of units
    6
    Building materials
    Brick

    Keller Williams Landmark II (347) 846-1200 [email protected]

    Listing agent Jolanta Piela (917) 602-1463

    Listing date Jan 5, 2026

    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.

    Overview

    Ridgewood Multifamily Investment Opportunity

    This is a six-family brick construction building containing six rent-stabilized apartments. Each apartment features an eat-in kitchen, living room, three bedrooms, and one bathroom, with windows in each room. The gross yearly income is $108,471.00, with a net operating income of $76,701.77 and expenses of $31,769.23. The building is well-maintained and suitable for investors. The rubber roof was renovated in January 2024, gas pipes were replaced in April 2024, and a new water heater is scheduled for installation in February 2025. The building is fully occupied. Current leases are: Apartment 1L at $1,431.25 expiring 1/1/28, Apartment 1R at $1,746.12 expiring 12/31/26, Apartment 2L at $1,250 expiring 12/1/26, Apartment 2R at $1,293.69 expiring 11/1/27, Apartment 3L at $1,750 expiring 1/1/27, and Apartment 3R at $1,567.38 expiring 7/31/27. The cap rate is 6.91%. The building size is 27.42 feet by 68 feet, and the lot size is 27.42 feet by 100 feet. The property is located close to the M train, shops, restaurants, and a park in Ridgewood, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgewood
    County
    Queens
    State
    New York
    Longitude
    -73.906723
    Latitude
    40.698755

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    FAQs

    What type of property is this?
    Apartment building - Six-unit, rent-stabilized building near transportation and amenities.
    Where is this apartment building located?
    The property is located at 18-58 Cornelia St Ridgewood, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - High Net Operating Income (NOI) of $76,701.77; - Attractive Cap Rate of 6.91%; - Six Rent-Stabilized Apartments, providing steady income
    (917) 602-1463
    Request Owner's contact information
    18-58 Cornelia St Ridgewood, NY 11385
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    Ridgewood, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18-58 Cornelia St Ridgewood, NY 11385
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