Listed by Landair Advisors
$1,150,000
1821 Cornelia Street
Details
Property Type Mixed Use
Units 6
Cap Rate 6.10%
NOI $70,566
Occupancy 90%
Tenancy Multi
Price per SqFt $205
Class B
Year Built 1930
Buildings 1
Lot Size (SqFt) 2,742
Zoning R6B
Investment Type Value Add
Ground Lease No
Mixed Use | 6.10% CAP | 0 SqFt
Marketing description
Landair Advisors has been retained to sell a 6-unit apartment building in the Ridgewood section of Queens. Currently, 2 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).
Investment highlights
- Prime Ridgewood Location located near the M and L trains
- Pristine Asset with very little deferred maintenance
- Common Areas were renovated and there is potential to add storage in the basement
- 2 Renovated apartments
- Tax Class 2B
Listing Contacts
Listed by Landair Advisors
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,566.00
$5,880.50/mo
Valuation Metrics
0
DSCR
6.14%
Cap Rate
6.14%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Name
License
Brokerage Phone
Is there information that looks off?
