1822 Cornelia St - Apartments FOR SALE


Ridgewood, NY 11385
$1,700,000 USD
646-559-4700
1822 Cornelia St, Ridgewood, NY for Sale
$1,700,000 USD
Apartments - FOR SALE
1/6
null | 6.24% Cap Rate

1822 Cornelia St
Ridgewood, NY 11385


HIGHLIGHTS

  • Prime Ridgewood Location near Seneca Avenue
  • Near M and L Trains
  • 4 Units have been gut renovated

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,333

CAP RATE

6.24%

% 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

2,744 SF

ZONING

R6, Queens

APN/PARCEL ID

03465-0012

ASK ABOUT THIS PROPERTY

Alexandre GouletLandair Property AdvisorsMore Info
646-559-4700

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Alexandre GouletLandair Property AdvisorsMore Info
646-559-4700

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