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1858 Cornelia St
Ridgewood, NY 11385

$1,100,000 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 6.91 %
  • Zoning R6B
98 Transit Score
98 Walk Score

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

Financial Summary (Actual)

Net Operating Income: $75,963 USD (2025)
Cap Rate: 6.91 %
Total Expenses: $31,769 USD

Amenities

  • 24 Hour Access
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
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) 6 min - 2.8 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 11 min - 3.9 mi
Transit/SubwayDriveWalkDistance
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)) 1 min 5 min 0.3 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 1 min 10 min 0.5 mi
Fresh Pond Road (M - New York MTA Subway (The Subway)) 2 min 10 min 0.6 mi
Halsey Street (L Line) (L - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
AirportDriveWalkDistance
LaGuardia 16 min - 6.9 mi
John F Kennedy International 17 min - 10.3 mi
Newark Liberty International 34 min - 18.1 mi
Jolanta Piela 917-602-1463 Keller Williams Landmark II
Jolanta Piela 917-602-1463 Keller Williams Landmark II