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1823 Cornelia St 6 Unit Apartment Building $1,675,000 ($279,167/Unit) 7.86% Cap Rate Ridgewood, NY 11385

Apartment Buildings New York Ridgewood 1823 Cornelia St, Ridgewood, NY 11385

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Investment Highlights

  • 27’ wide brick six family, 50% renovated and free market
  • Protected tax class 2A
  • Currently under leased, with estimated 8-12% 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 $1,675,000 Apartment Style Low-Rise
Price Per Unit $279,167 Building Class C
Sale Type Investment Lot Size 0.06 AC
Cap Rate 7.86% 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 - Medium density residential district
Price $1,675,000
Price Per Unit $279,167
Sale Type Investment
Cap Rate 7.86%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 5,600 SF
Average Occupancy 100%
No. Stories 3
Year Built 1930
Zoning R6B - Medium density residential district

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Hardwood Floors
  • High Speed Internet Access

Site Amenities

  • 24 Hour Access

Links

1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
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 03463-0040 Improvements Assessment $154,801
Land Assessment $2,391 Total Assessment $157,192

Property Taxes

Parcel Number
03463-0040
Land Assessment
$2,391
Improvements Assessment
$154,801
Total Assessment
$157,192
(914) 584-7422

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 38625556

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 1823 Cornelia St, Ridgewood, NY 11385

More public record information on 1823 Cornelia St, Ridgewood, NY 11385

The Multifamily Property at 1823 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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1823 Cornelia St
(914) 584-7422 x

1823 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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