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Michelle Burroughs

michellesellshomes@mbarealtor.com +1(908) 224-0499

$ 1,100,000

Est. payment -/mo

Save

Active

18-58 Cornelia ST Ridgewood, NY 11385

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID L3582464

HOA Y/N No

Rental Info No

Year Built 1930

Annual Tax Amount $16,769

Lot Dimensions 27.42x100

Property Sub-Type Multi Family

Source onekey2

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 $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.

Location

State NY

County Queens

Rooms

Basement Full

Interior

Heating Natural Gas, Hot Water

Fireplace No

Exterior

Parking Features On Street

Private Pool No

Building

Story 3

Sewer Public Sewer

Structure Type Brick

Schools

High Schools Queens

School District Queens

Others

Special Listing Condition None

Listed by Keller Williams Landmark II • Jolanta Piela

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

9

Success Academy Charter School-Crown Heights

Public | KG - 1
9

PS 189 Lincoln Terrace

Public | KG - 8
9

Achievement First Brownsville Charter School

Public | KG - 6
9

P.S. 229 Emanuel Kaplan School

Public | KG - 5
9

P.S. 128 Juniper Valley School

Public | KG - 8
9

Achievement First Apollo Charter School

Public | KG - 4
8

Brighter Choice Community School

Public | PK - 5
8

PS 110

Public | KG - 1
8

P.S. 150 Queens

Public | PK - 5
8

Brooklyn Ascend Charter School

Public | KG - 7
8

P.S. 376 Brooklyn

Public | KG - 5
8

Jr High School 383 Philippa Schuyler

Public | 5 - 8
8

Ocean Hill Collegiate Charter School

Public | 5 - 8
8

A.C.E. Academy For Scholars At The Geraldine Ferraro Campus

Public | KG - 5
7

Leadership Preparatory Bedford Stuyvesant Charter

Public | KG - 8
7

P.S. 289 George V. Brower School

Public | PK - 5
7

P.S. 25 Eubie Blake School

Public | KG - 5
7

Bedford Stuyvesant Collegiate Charter School

Public | 5 - 10
7

P.S. 26 Jesse Owens School

Public | KG - 5
7

Excellence Girls Charter School

Public | KG - 5

Middle Schools 20

9

The School of Integrated Learning

Public | 6 - 8
9

I.S. 5 The Walter Crowley Intermediate School

Public | 6 - 8
8

I.S. 125 Thomas J. Mccann Woodside

Public | 6 - 8
8

All City Leadership Secondary School

Public | 6 - 12
8

I.S. 73 The Frank Sansivieris Intermediate School

Public | 6 - 8
7

Robert F Wagner Jr Secondary School Arts and Technology

Public | 7 - 12
7

I.S. 93 Ridgewood

Public | 6 - 8
7

J.H.S. 292 Margaret S. Douglas

Public | 6 - 8
6

Intermediate School 318 Eugeno Maria de Hostos

Public | 6 - 8
6

Jr High School 57 Whitelaw Reid

Public | 6 - 8
6

Middle School 267 Math, Science & Technology

Public | 6 - 8
6

Intermediate School 392

Public | 6 - 8
6

Intermediate School 77

Public | 6 - 8
6

East New York Family Academy

Public | 6 - 12
5

John Ericsson Middle School 126

Public | 6 - 8
5

Middle School 582

Public | 6 - 8
5

Young Women's Leadership School of Brooklyn

Public | 6 - 11
5

Madiba Preparatory Middle School

Public | 6 - 7
5

Middle School of Marketing and Legal Studies

Public | 6 - 8
5

I.S. 347 School of Humanities

Public | 6 - 8

High Schools 20

10

Brooklyn Latin School (The)

Public | 9 - 12
8

Academy of Finance and Enterprise

Public | 9 - 12
8

Bard High School Early College Queens

Public | 9 - 12
8

Maspeth High School

Public | 9 - 11
7

Aviation Career and Technical High School

Public | 9 - 12
6

High School for Public Service-Heroes of Tomorrow

Public | 9 - 12
5

High School of Applied Communications

Public | 9 - 12
5

Brooklyn School for Math and Research

Public | 9 - 11
4

Northside Charter High School

Public | 9 - 12
4

Bedford Stuyvesant Preparatory High School

Public | 10 - 12
4

Brooklyn Institute for Liberal Arts

Public | 9 - 10
4

Williamsburg Charter High School

Public | 9 - 12
4

Grover Cleveland High School

Public | 9 - 12
4

World Academy for Total Community Health

Public | 9 - 12
3

High School of Enterprise, Business and Technology

Public | 9 - 12
3

Queens Vocational and Technical High School

Public | 9 - 12
3

Bushwick Leaders High School for Academic Excellence

Public | 9 - 12
3

Frederick Douglass Academy Vii High School

Public | 9 - 12
2

Green School: An Academy for Environmental Careers

Public | 9 - 12
2

School for Legal Studies

Public | 9 - 12

School and business data provided by Attom Data.