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18-58 Cornelia Street, Ridgewood, NY 11385

$1,100,000

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BEDS0 BATHS MLS#L3582464

STATUSActive PROPERTY TYPECommercial - SCHOOLQueens

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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 $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.

18-58 Cornelia Street | MLS# L3582464

This commercial property located at 18-58 Cornelia Street, Ridgewood, NY 11385 is currently listed for sale with an asking price of $1,100,000. 18-58 Cornelia Street is located within the Queens school district. Search Ridgewood real estate on www.laffey.com today.

Property Features

Property Type: Commercial -

Basement: Yes

Basement: Full

Heating: Natural Gas, Hot Water

Lot Size: 0.06 Acres

Stories: 3.0

Taxes: $16,769

Year Built: 1930

Feature Descriptions

Building Area Total: 2742

Days on Site: 557

Exterior: Brick

Fuel Expense: 4995

Lot Dimensions: 27.42x100

On Market Date: 2024-10-02

Overhead Door Height: 6

Parcel Number: 03473-0004

Parking Features: On Street

Rental Term: Monthly

Separate Electric Meters: 7

Separate Gas Meters: 7

Sewer: Public Sewer

Units: 6

Local Schools

School District: Queens

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18-58 Cornelia Street, Ridgewood, NY 11385

Property Description

18-58 Cornelia Street | MLS# L3582464

Property Features

Feature Descriptions

Local Schools

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18-58 Cornelia Street, Ridgewood, NY 11385

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