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18-89 Cornelia St 6 Unit Apartment Building $2,200,000 ($366,667/Unit) 7.54% Cap Rate Ridgewood, NY 11385

Apartment Buildings New York Ridgewood 18-89 Cornelia St, Ridgewood, NY 11385

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Investment Highlights

  • 27’ wide brick six family, with four of six units renovated and free market
  • Protected tax class 2A
  • Currently under leased, with estimated 6-8% upside in rent roll
  • Download linked OM which contains current and projected rent rolls.

Executive Summary

Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Price $2,200,000 Apartment Style Low-Rise
Price Per Unit $366,667 Building Class B
Sale Type Investment Lot Size 0.07 AC
Cap Rate 7.54% Building Size 5,600 SF
No. Units 6 Average Occupancy 100%
Property Type Multifamily No. Stories 3
Property Subtype Apartment Year Built 1930
Zoning R6B
Price $2,200,000
Price Per Unit $366,667
Sale Type Investment
Cap Rate 7.54%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.07 AC
Building Size 5,600 SF
Average Occupancy 100%
No. Stories 3
Year Built 1930
Zoning R6B

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Yard
  • Freezer

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Links

1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 03472-0038 Improvements Assessment $154,604
Land Assessment $2,588 Total Assessment $157,192

Property Taxes

Parcel Number
03472-0038
Land Assessment
$2,588
Improvements Assessment
$154,604
Total Assessment
$157,192
(914) 584-7422

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 38625714

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 18-89 Cornelia St, Ridgewood, NY 11385

More public record information on 18-89 Cornelia St, Ridgewood, NY 11385

The Multifamily Property at 18-89 Cornelia St, Ridgewood, NY 11385 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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18-89 Cornelia St
(914) 584-7422 x

18-89 Cornelia St

DJ Johnston
(914) 584-7422

Evan Kashanian
(914) 561-8609

David Caba
(646) 802-0548

Robert Moore
(631) 807-4131

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