Six-Unit Brick Multifamily
For Sale
$1,100,000
18-58 Cornelia Street, Ridgewood, NY 11385
MULTI_FAMILY - Ridgewood, NY
Lot Size0.06 Acres
Days on Market667
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
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
Hot Water(Heating), Natural Gas
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: Jul 9
Last Checked: Jul 30 at 1:06PM
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-unit multifamily property is built with brick construction and currently offers six apartments. Each unit includes an eat-in kitchen, living room, three bedrooms, and one bathroom, with windows in each room. The building is described as clean and is fully occupied.
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.
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.
Key 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%.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,590
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 - Well-maintained six-unit brick building with renovated roof and updated mechanical systems in place.
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‑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%.
