Check Availability
$1,150,000
↓ $25K (2.1%)
Commercial - For Sale

18-24 Cornelia Street

Ridgewood, NY 11385
bedrooms
Studio
bathrooms
0 Bath
$6,955
Estimated Monthly
$0
HOA / Fees
-0.11%
Cap Rate

About This Property

Discover an exciting investment opportunity in the vibrant and highly sought-after Ridgewood area. Nestled in the heart of Ridgewood, this building is ideally located just three blocks away from the M train, surrounded by gift shops, bookstores, fine dining, bars, cafes, and bakeries. All units are currently occupied.  This property boasts a prime location and excellent potential for growth. Recently, the total annual income surged to an impressive $113,148, while expenses stand at $38,552, resulting in a substantial net income of $74,596. Don't miss out on the chance to be part of the thriving Ridgewood community, voted 4th coolest neighborhood in the World in 2022.
Unit Size
-
Days on Market
131 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,308
HOA Dues
-
Year Built
1911
Listed By
Sal Crifasi
Crifasi Realty Associates Inc
Last updated: 2 months ago (OneKey MLS #ONE3522111)

Price History

Date / Event Date Event Price
Mar 2, 2024 Price Decreased $1,150,000
↓ $25K (2.1%)
Price Decreased
Dec 21, 2023 Listed by Crifasi Real Estate Inc $1,175,000
Listed by Crifasi Real Estate Inc
Jun 3, 2008 Sold to 1824 Cornelia Realty Llc $655,000
Sold to 1824 Cornelia Realty Llc
Nov 18, 2005 Sold to Grzegorz Ziobro $640,000
Sold to Grzegorz Ziobro

Property Highlights

Exterior Details

Property Information

Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1930

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.06
Lot Size Square Feet: 2742
Financial Details
Tax Annual Amount: $15,692

Building Info

Overview

    General

  • Year Built: 1911
  • Building Count: 1
  • Floor Count: 3
  • Total Unit Count: 6
  • Residential Unit Count: 6
  • Basement Type: 5

    Dimensions

  • Lot Area Sqft: 2,742
  • Lot Size Depth Feet: 100
  • Lot Size Frontage Feet: 27
  • Building Depth: 68
  • Building Frontage: 28
  • Gross Building Area: 5,600

    Building Floor Area

  • Residential Building Floor Area: 5,600

    Floor Area Ratio

  • Built Floor Area Ratio: 2
  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 2

Building

  • Building Type: C2
  • Lot Type: 5
  • Land Use: 02
  • Irregular Lot Code: N
  • Extension Code: N

Neighborhood

  • Community District: 405
  • City Council District: 34
  • Historic District Name: Ridgewood South Historic District
  • Police Precinct: 104
  • Fire Company: E286
  • Health Area: 2300
  • Sanitation District Borough: 4
  • Sanitation Subsection: 2C
  • School District: 24

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6B

Geography

  • Borough Name: QN
  • Borough Code: 4
  • Block: 3465
  • Lot: 14
  • Borough Block Lot: 4034650014

    Address

  • Full Address: 1824 Cornelia Street
  • Zip Code: 11385

Valuation

    Assessments Valuation

  • Assessed Total Value: $351,900
  • Assessed Land Value: $6,750

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,556 ft²
$755/ft²
$1,175,000 Sep 18, 2020
$1,175,000 Dec 7, 2020
-
Multifamily
6 Beds
6 Baths
-
$999,000 Sep 6, 2022
$999,000 Apr 5, 2023
$1,331/mo
Multifamily
17 Beds
6 Baths
-
$1,000,000 Jun 27, 2022
$1,000,000 Dec 28, 2022
$1,191/mo
Multifamily
7 Beds
2 Baths
-
$1,163,000 May 7, 2023
$1,163,000 Jun 23, 2023
$582/mo
Multifamily
8 Beds
3 Baths
-
$985,000 Oct 6, 2020
$985,000 Feb 24, 2021
$492/mo
Multifamily
12 Beds
6 Baths
-
$1,100,000 Jul 29, 2021
$1,100,000 Aug 5, 2022
$1,236/mo
House
Stu
-
-
$1,170,000 Feb 20, 2023
-
$970/mo
House
Stu
-
-
$1,300,000 Aug 29, 2023
-
$1,168/mo
Multifamily
Stu
-
-
$1,200,000 Oct 3, 2023
-
$566/mo
Multifamily
Stu
6 Baths
-
$1,388,000 Feb 15, 2024
-
-
House
4 Beds
2 Baths
-
$1,299,000 Nov 30, 2023
-
$556/mo
Multifamily
5 Beds
3 Baths
-
$1,159,000 Jul 5, 2023
-
$298/mo

About Northwestern Queens


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Frequently Asked Questions

When was property at 18-24 Cornelia Street built and last sold?
The property at 18-24 Cornelia Street was built in 1911 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 18-24 Cornelia Street is $1,186,750.
What are some comparable homes to 18-24 Cornelia Street?
Homes that are comparable to 18-24 Cornelia Street include a house property at 762A Seneca Avenue, a multifamily property at 16-43 Norman Street, 870 Woodward Avenue.

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