18-58 Cornelia Street Ridgewood, NY 11385
- Added:
- Oct 2, 2024
- Days on Market:
- 575
- Last Refresh:
- Apr 29 at 10:06 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
- Hot Water(Heating), Natural Gas
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
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.
Overview
Ridgewood Six-Family Brick Building
This six-family brick building is located in Ridgewood, NY. Each apartment features an eat-in kitchen, living room, three bedrooms, and one bathroom, with windows in every room. The gross yearly income is $108,471.00, with a net operating income of $74,980.77 and expenses of $33,490.23. The building is well-maintained and suitable for investors. The rubber roof was renovated in January 2024, gas pipes were replaced in April 2024, and a new water heater is scheduled for installation in February 2025. The building is fully occupied. Current leases are: Apartment 1L at $1,431.25 expiring 1/1/28, Apartment 1R at $1,746.12 expiring 12/31/26, Apartment 2L at $1,250 expiring 12/1/26, Apartment 2R at $1,293.69 expiring 11/1/27, Apartment 3L at $1,750 expiring 1/1/27, and Apartment 3R at $1,567.38 expiring 7/31/27. The cap rate is 6.82%. The building size is 27.42x68, and the lot size is 27.42x100, equating to 0.0629 acres. The property is close to the M train, shops, restaurants, and a park.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.906723
- Latitude
- 40.698755
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six rent-stabilized apartments near M train and local amenities.
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: High Net Operating Income: $74,980.77 annually.; Rent Stabilized Apartments: Provides consistent income and tenant base.; Recent Renovations: Includes rubber roof (January 2024), gas pipes (April 2024), and new water heater (February 2025).
