23
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$1,100,000
Est. payment /mo
Price Dropped by $49K
18-58 Cornelia ST Ridgewood, NY 11385
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID L3582464
HOA Y/N No
Rental Info No
Year Built 1930
Annual Tax Amount $16,769
Lot Dimensions 27.42x100
Property Sub-Type Multi Family
Source onekey2
Property Description
6 family brick construction, 6 apartments Rent Stabilized. Each apartment consists of Eik, Livrm, 3 Bedrms and 1 Bathrm. Windows in each room. Gross Yearly income is $107,731.08. Net Opereting Income is $75.961.85 and Expenses $31,769.23. Clean building, good for investors. Rubber roof was renovated in January 2024, Gas pipes are replaced in April 2024 and a new Water Heater installed in February 2025. Fully Occuied. Leases: 1L $1,370.28 1/1/26, 1R $1,746.12/12/31/26, 2L $1,250 12/1/26, 2R $1,293.69 11/1/27, 3L $1,750 1/1/27, 3R $1,567.38 7/31/27. Cap Rate 6.91%. Building size: 27.42x68. Lot size: 27.42x100. Close to M train and shops, restaurants and park.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas, Hot Water
Fireplace No
Exterior
Parking Features On Street
Private Pool No
Building
Story 3
Sewer Public Sewer
Structure Type Brick
Schools
High Schools Queens
School District Queens
Others
Special Listing Condition None
Listed by Keller Williams Landmark II • Jolanta Piela
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