Listed by Matthews
$2,200,000
18-89 Cornelia Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,600
Net Rentable (SqFt) 5,600
Units 6
Cap Rate 7%
NOI $154,092
Occupancy 100%
Pro-Forma Cap Rate 7.54%
Pro-Forma NOI $165,825
Price per SqFt $393
Broker Co-Op Yes
Buildings 1
Stories 3
Lot Size (SqFt) 2,742
Zoning R6B
27' Wide Brick 6 Fam | 7.5% Cap Near Term
Marketing description
Investment highlights
27’ wide brick six family, with four of six units renovated and free market
Currently under leased, with estimated 6-8% upside in rent roll
Protected tax class 2A
Download linked OM which contains current and projected rent rolls.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,092.00
$12,841.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
R6B ResidentialMulti FamilyGeneral Residence
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View all 99 uses
View all 99 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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