18-58 Cornelia Street, Ridgewood, NY 11385
- Added:
- Oct 2, 2024
- Days on Market:
- 634
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 18-58 Cornelia Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Full
- 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 agent Jolanta Piela (917) 602-1463
Listing office Keller Williams Landmark II 7535 31st Ave Ste 202, Jackson Heights, NY (347) 846-1200
Listing date Oct 2, 2024
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.
HighLights
- 6‑family brick building built in 1930 with 6 apartments (each unit: eat‑in kitchen, living room, 3 bedrooms, 1 bathroom).
- Fully occupied with rent‑stabilized leases; listed gross yearly income of $108,471.00.
- Net operating income of $74,980.77 with expenses of $33,490.23; cap rate listed as 6.82%.
- Recent updates: rubber roof renovation in January 2024; gas pipes replaced in April 2024; new water heater installed in February 2025.
- Each apartment has windows in each room; public sewer and natural gas heating (hot water heating).
- Building and lot dimensions: 27.42 x 68 building size on a 27.42 x 100 lot; on‑street parking.
Overview
Recent improvements include a rubber roof renovation completed in January 2024. Gas pipes were replaced in April 2024, and a new water heater was installed in February 2025. The listing also notes proximity to the M train and to local shops, restaurants, and a park.
For investors or owner-operators seeking an income-producing residential building, the current rent stabilization status and existing lease structure support immediate occupancy. The unit mix is consistent across the building, which may simplify operations and leasing for qualified buyers. With documented building updates to major building systems, the property may appeal to buyers looking for a maintained asset in Ridgewood.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.906723
- Latitude
- 40.698755
