1822 Cornelia Street, Ridgewood, NY 11385

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$1,700,000
Active for Sale
 
Listing ID 11408246
Property Type Multi-Unit (5+)
County Queens
Township Queens
Neighborhood Ridgewood
Total Tax $19,032
Tax ID 3465/12
FEMA Flood Map fema.gov/portal
Year Built 1930
   
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6-Family Building in Ridgewood with 4 FM, 2 RS

Landair Property Advisors has been retained to sell a 6-unit apartment building in the Ridgewood section of Queens. Currently, 4 out of the 6 units are free market and the property has been meticulously maintained. The rents are below market and there is an opportunity to build storage in the basement or duplex the ground floor units. The property is located 3 blocks from the M train (Forest Avenue Stop) as well as 5 blocks from the L train (Myrtle- Wykoff Stop).
Property Details
  • 7 Full Baths
  • 5600 SF
  • 2742 SF Lot
  • Built in 1930
  • 3 Stories
  • Available 1/15/2025
  • Full Basement
  • 2742 Lower Level SF
  • Lower Level: Unfinished
  • Renovation: 4 apartments have been gut renovated
Interior Features
  • Ceramic Tile Flooring
  • Hardwood Flooring
  • Steam Radiators
  • Gas Fuel
  • Wall/Window A/C
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Rubber Roof
  • Municipal Water
  • Municipal Sewer
  • Street View
  • Near Bus
  • Near Train
Community Details
  • Low-rise (Bldg. Style)
Commercial Info
  • 6% Cap. Rate
Income/Expenses
  • Gross Income $157,496
  • Net Income $106,040
  • Management Exp $4,725
  • Maintainence Exp $4,000
  • Insurance Exp $6,500
  • Heat Exp $6,000
  • Electric Exp $1,000
  • Water Exp $6,000
  • Misc Exp $4,200
  • Total Exp $51,457
  • Paid by Landlord: Heat, Water
Taxes and Fees
  • $19,032 Total Tax
  • Tax Year 2024
Listed By
Landair Property Advisors, LLC
Office: 212-464-8815
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