Price Reduced 12.00%
Price History
$1,250,000
10/2/2024
$1,208,000
10/30/2024
$1,180,000
2/19/2025
$1,159,000
5/2/2025
$1,149,000
6/18/2025
$1,100,000
10/1/2025
18-58 Cornelia Street, Ridgewood, NY, 11385
1930
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 $108.471.00. Net Opereting Income is $74,980.77 and Expenses $33,490.23. Clean building, good for investors. Rubber roof was renovated in January 2024, Gas pipes are replaced in April 2024 and a new Water Heater installe in February 2025. Fully Occuied. Leases: 1L $1,431.25 1/1/28, 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 6.82%. Building size: 27.42x68. Lot size: 27.42x100. Close to M train and shops, restaurants and park.
Status:
Active
Type:
Commercial
Units:
6
Heating:
Natural Gas, Hot Water
Basement:
Full
Levels:
3
Parking:
On Street
Est. Taxes:
$16,769
Construction
Brick
School District:
Queens
Days on Market:
553
MLS #:
3582464
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Keller Williams Landmark II 347-846-1200