Six-Family Brick Apartment
For Sale
$1,100,000
18-58 Cornelia Street, Ridgewood, NY 11385
Commercial Sale, Ridgewood, NY
Property SizeContact for details
Lot Size0.06 Acres
Days on Market694
Property Features for 18-58 Cornelia Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6B
Rooms
Basement
Parking features
On Street
Basement
Full
Directions
Onderdonk Ave to Cornelia St
Standard status
Active
APN
03473-0004
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
16769
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
Listing Agency:
Keller Williams Landmark II · Keller Williams Realty
(347) 846-1200
Listed By:
Jolanta Piela
(917) 602-1463
Added: Oct 2, 2024
Changed: Aug 20
Last Checked: Aug 26 at 9:06AM
MLS# L3582464
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.
Investment Insights
Based on property information with market context.
This six-family brick apartment building contains six rent-stabilized apartments, each arranged with an eat-in kitchen, living room, three bedrooms, one bathroom, and windows in every room. The property was built in 1930 and is zoned R6B. Improvements include a rubber roof renovation completed in January 2024, replacement gas piping completed in April 2024, and a new water heater installed in February 2025. Heating is provided by natural gas and hot water, with public sewer service.
The building measures 27.42 by 68 feet on a 27.42-by-100-foot lot, or 0.0629 acres. Located at 18-58 Cornelia Street in Ridgewood, the property is near the M train, shops, restaurants, and a park. On-street parking is available, and the reported cap rate is 6.82%.
The building measures 27.42 by 68 feet on a 27.42-by-100-foot lot, or 0.0629 acres. Located at 18-58 Cornelia Street in Ridgewood, the property is near the M train, shops, restaurants, and a park. On-street parking is available, and the reported cap rate is 6.82%.
Key Highlights
- Six rent‑stabilized apartments, each with 3 bedrooms and 1 bathroom
- Fully occupied six‑family property with a reported 6.82% cap rate
- 27.42x68 building on a 27.42x100 lot; 0.0629 acres
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,755
Businesses Nearby
Explore this area
Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residential income property with rent-stabilized apartments and recent building-system upgrades.
Where is this apartment building located?
The property is located at 18-58 Cornelia Street 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: Six rent‑stabilized apartments, each with 3 bedrooms and 1 bathroom; Fully occupied six‑family property with a reported 6.82% cap rate; 27.42x68 building on a 27.42x100 lot; 0.0629 acres
