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1823 Cornelia St
Ridgewood, NY 11385

$1,675,000 USD

Apartments For Sale  •  5,600 SF

Property Details

• Property Type Apartments
• Total Building Size 5,600 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1930
• Cap Rate 7.86 %
• Zoning R6B

100 Transit Score

97 Walk Score

Highlights

27’ wide brick six family, 50% renovated and free market

Currently under leased, with estimated 8-12% upside in rent roll

Protected tax class 2A

Download linked OM which contains current and projected rent rolls.

Cap Rate:

7.86 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	8 min	-	2.8 mi
Woodside Station (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, Montauk Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road, Ronkonkoma Branch - Long Island Rail Road)	11 min	-	3.9 mi
Transit/Subway	Drive	Walk	Distance
Forest Avenue (M - New York MTA Subway (The Subway))	1 min	4 min	0.2 mi
Seneca Avenue (M - New York MTA Subway (The Subway))	2 min	5 min	0.3 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
Fresh Pond Road (M - New York MTA Subway (The Subway))	3 min	11 min	0.6 mi
Halsey Street (L Line) (L - New York MTA Subway (The Subway))	3 min	11 min	0.6 mi
Airport	Drive	Walk	Distance
LaGuardia	16 min	-	6.6 mi
John F Kennedy International	17 min	-	10.3 mi
Newark Liberty International	34 min	-	18.2 mi