Located in the vibrant Ridgewood neighborhood of Queens, NYC, this low-rise (3-story) multifamily asset at 1858 Cornelia St offers an outstanding investment opportunity. The offering is a 6-unit apartment building, built in 1930 and recently renovated/updated in 2025. This listing is Rent Stabilized and provides an excellent investment opportunity.
The building spans 5,600 square feet, 3 floors, on a 0.06-acre lot, 2,742sqft and is fully occupied (100% occupancy reported).
Zoning is R6B (allowing 6-family apartments).
In terms of location advantages: Walk Score® is 98 (“Walker’s Paradise”) and Transit Score® is 98 (“Rider’s Paradise”), highlighting major appeal for tenants and investors alike.
The property features air-conditioning and 48-hour showing availability.
This property is ideal for investors looking to invest into the Queens multifamily market, especially in the desired Ridgewood/Bushwick corridor where potential exists for rental growth, strong transit links, and dense walkable neighborhood lifestyle. The recent renovation (2024) reduces near-term cap-ex risk and the 100% occupancy indicates stable cash flow.