Assignments

6-Family Building in Ridgewood with 4 Free Market and 2 Rent Stabilized Units

1822 Cornelia Street, Ridgewood, NY 11385

1822 Cornelia Street, Ridgewood, NY 11385

under contract

Asking
Sale Price
$
1700000

Property Details

Status
For Sale
Property Type
Multifamily
Price Summary
$
1700000
Sale Price
$
Buildable SF
5600
Building SF
5600
LOT SF
5600
Cap RATE
6.4
%
Zoning
R6B

Highlights

  • Prime Ridgewood Location
  • Pristine Asset with very little deferred maintenance
  • Common Areas were renovated and there is potential to add storage in the basement
  • 4 Renovated apartments

Property DEscription

Landair Property Advisors has been retained to sell a 6-unit apartment building in the Ridgewood section of Queens. Currently, 4 out of the 6 units are free market and the property has been meticulously maintained. The rents are below market and there is an opportunity to build storage in the basement or duplex the ground floor units. The property is located 3 blocks from the M train (Forest Avenue Stop) as well as 5 blocks from the L train (Myrtle-Wykoff Stop).

Map

Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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