1858 Cornelia St - Apartments FOR SALE


Ridgewood, NY 11385
$1,100,000 USD
917-602-1463
1858 Cornelia St, Ridgewood, NY for Sale
$1,100,000 USD
Apartments - FOR SALE
1/23
null | 6.97% Cap Rate

1858 Cornelia St
Ridgewood, NY 11385


HIGHLIGHTS

  • Good for investment. Tenants pay rent on time. All leases are signed and extended for 1 year or 2 years.
  • Close Proximity to L and M trains, as well as several bus lines
  • Rent Stabilized providing steady cash flow
  • Showings typically available within 48 hours of notice

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

6

PRICE/UNIT

$183,333

CAP RATE

6.97%

% LEASED

100%

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

2,614 SF

ZONING

R6B

APN/PARCEL ID

03473-0004

ASK ABOUT THIS PROPERTY

Jolanta PielaKeller Williams Landmark IIMore Info
917-602-1463

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Jolanta PielaKeller Williams Landmark IIMore Info
917-602-1463

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