18-58 Cornelia Street Ridgewood, NY 11385

Building Details

Year Built

1930

Listing agency Keller Williams Landmark II j***@gmail.com Show Phone

Listed by Jolanta Piela Show Phone

Source Cohenandcohenrealty

Added: Oct 2, 2024 Updated: Jul 22 at 9:13PM Checked: Jul 22 at 9:13PM

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Investment Insights

Based on property information with market context.

This 6-family brick apartment building is fully occupied and features six rent-stabilized units. Each apartment includes an eat-in kitchen, living room, three bedrooms, and one bathroom, with windows in each room. The property reports gross yearly income of $108,471.00, with net operating income of $74,980.77 and expenses of $33,490.23.

Recent capital updates include a rubber roof renovation in January 2024, replacement of gas pipes in April 2024, and installation of a new water heater in February 2025. The building is described as clean and investor-ready.

Unit lease start/end dates provided include 1L through 3R, each with specific term dates listed in the offering. The property is noted as being close to the M train and nearby shops, restaurants, and a park.

Key Highlights

• 6‑unit brick apartment building (built 1930) with rent‑stabilized leases
• Fully occupied with rent‑stabilized leases listed for all 6 units
• Each unit includes Eik, Livrm, 3 bedrooms, and 1 bathroom with windows in each room

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FAQs

What type of property is this?

Apartment building - Six-unit brick apartment building with rent-stabilized leases, fully occupied, and recent roof, gas, and water heater 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: 6‑unit brick apartment building (built 1930) with rent‑stabilized leases; Fully occupied with rent‑stabilized leases listed for all 6 units; Each unit includes Eik, Livrm, 3 bedrooms, and 1 bathroom with windows in each room