About 18-58 Cornelia Street
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.
Features of 18-58 Cornelia Street
| MLS® # | L3582464 |
|---|---|
| Price | $1,100,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,742 |
| Acres | 0.00 |
| Year Built | 1930 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 18-58 Cornelia Street |
|---|---|
| City | Ridgewood |
| County | Queens |
| State | NY |
| Zip Code | 11385 |
Additional Information
Listing Details
| Office | Keller Williams Landmark II |
|---|---|
| Office Contact | 347-846-1200 |