Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    18-24 Cornelia St Flushing, NY 11385

    For Sale
    $1,100,000

    Tenant-occupied multifamily building in vibrant Ridgewood, near M train.

    Building Details

    Year built
    1900

    Source: Crifasi Realty Associates Inc Agent Sal J Crifasi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ridgewood Multifamily Investment Opportunity

    This multifamily building presents an investment opportunity in Ridgewood, a neighborhood recognized for its cultural vibrancy. The property is conveniently located three blocks from the M train, providing access to local amenities such as gift shops, bookstores, cafes, bakeries, bars, and fine dining establishments. The building is being sold AS-IS with tenants in place. Five out of six units are rent-stabilized, which may offer long-term stability. The property is fully tenant-occupied. Income and expense details are available upon request.
    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
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.906723
    Latitude
    40.698755

    Nearby Similar for Sale

    • $2,249,000
      0.05 Acres

      Ridgewood Multifamily in Historic District

      Well-maintained Ridgewood multifamily property near transportation and amenities.
      6046 Putnam Ave, Ridgewood, NY 11385
      View Details
    • $1,148,888
      Pending

      Charming Whitestone Duplex with Large Yard

      Well-maintained two-family home in prime Whitestone with a private backyard.
      163 15Th Dr, Whitestone, NY 11357
      View Details
    • $1,499,999
      0.15 Acres

      Two-Family Home in Rego Park

      Two-family brick home in the heart of Rego Park.
      66-11 Burns St, Rego Park, NY 11374
      View Details
    • $2,288,000

      New Brick Triplex in Ridgewood

      Newly built Ridgewood triplex with modern layouts and parking.
      6014 Menahan St, Ridgewood, NY 11385
      View Details
    • $1,288,000
      Pending

      Two-Family Home in Fresh Meadows

      Charming two-family home in desirable Fresh Meadows neighborhood.
      183-11 64Th Ave, Fresh Meadows, NY 11365
      View Details
    • $1,650,000
      Pending

      Solid Stone Flushing Two-Family Home

      Two-family home in Flushing with strong rental income potential.
      154-39 64Th Ave, Flushing, NY 11367
      View Details

    FAQs

    What type of property is this?
    Apartment building - Tenant-occupied multifamily building in vibrant Ridgewood, near M train.
    Where is this apartment building located?
    The property is located at 18-24 Cornelia St Flushing, 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: - Prime Ridgewood location, one of NYC's most desirable neighborhoods.; - Conveniently located just three blocks from the M train.; - Fully tenant-occupied building providing immediate cash flow.
    (718) 821-5999
    Request Owner's contact information
    18-24 Cornelia St Flushing, NY 11385
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18-24 Cornelia St
    Flushing, NY 11385
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    18-24 Cornelia St Flushing, NY 11385
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.