Ridgewood Real Estate

18-58 Cornelia Street, Ridgewood, NY 11385

[Ridgewood Real Estate, listing number 2487741]



Description: 2487741
   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 $76.701.77 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 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 6.97%. Building size: 27.42x68. Lot size: 27.42x100. Close to M train and shops, restaurants and park

Details:
   Families: 6
   Property Type: House
   Lot Size: 27.42x100
   Acres: 0.07
   Built: 1930
   School District: Queens

Financials:
   Price: $1,100,000
   Taxes: $16,769

Keller Williams Landmark II
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Office: 347-846-1200

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