1821 Cornelia St - Apartments FOR SALE


Flushing, NY 11385
$1,150,000 USD
516-658-1222
1821 Cornelia St, Flushing, NY for Sale
$1,150,000 USD
Apartments - FOR SALE
1/1
null | 6.1% Cap Rate

1821 Cornelia St
Flushing, NY 11385


HIGHLIGHTS

  • Prime RIdgewood Location located near the M and L trains
  • Pristine Asset with very little deferred maintenance
  • Common area were renovated and there is potential to add storage in the basement
  • 2 Renovated apartments
  • Tax Class 2B

OVERVIEW

Landair Advisors has been retained to sell a 6-unit apartment building in the Ridgewood section of Queens. Currently, 2 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).

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,744 SF

ZONING

R6, Queens, (C2)

APN/PARCEL ID

03463-0042

ASK ABOUT THIS PROPERTY

Anand MelwaniLandair AdvisorsMore Info
516-658-1222

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Anand MelwaniLandair AdvisorsMore Info
516-658-1222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.