Allison Mulhall
Call: (516) 270-5105
Text: (516) 270-5105
BEDS0
BATHS
MLS#L3582464
STATUSPending
PROPERTY TYPECommercial -
SCHOOLQueens
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 $74,980.77 and Expenses $33,490.23. Clean building, good for investors. Rubber roof was renovated in January 2024, Gas pipes are replaced in April 2024 and a new Water Heater installed 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 6.82%. Building size: 27.42x68. Lot size: 27.42x100. Close to M train and shops, restaurants and park.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Full
Heating: Natural Gas, Hot Water
Lot Size: 0.06 Acres
Stories: 3.0
Taxes: $16,769
Year Built: 1930
Feature Descriptions
Building Area Total: 2742
Days on Site: 741
Exterior: Brick
Fuel Expense: 4995
Lot Dimensions: 27.42x100
On Market Date: 2024-10-02
Overhead Door Height: 6
Parcel Number: 03473-0004
Parking Features: On Street
Rental Term: Monthly
Separate Electric Meters: 7
Separate Gas Meters: 7
Sewer: Public Sewer
Units: 6
Local Schools
School District: Queens
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Listed By / Shown By
Listing By
Agency Name: Keller Williams Landmark II
Agency Contact: 347-846-1200
Shown By
Agent Name: Allison Mulhall
Agent Phone: (516) 270-5105
Agency Title: Laffey Real Estate
18-58 Cornelia Street | MLS# L3582464
This commercial property located at 18-58 Cornelia Street, Ridgewood, NY 11385 is currently listed for sale with an asking price of $1,100,000. 18-58 Cornelia Street is located within the Queens school district. Search Ridgewood real estate on allisonmulhall.laffey.com today.