For Sale | Amenitized Luxury Rentals
$3,595,000
1665 Cornelia Street, Ridgewood, NY 11385
For Sale
Multifamily
Active
Last Updated: 01/27/2025
229,766
NOI
5,175 sqft
Building Size
Details:
NOI: $229,766
Building Size: 5,175 sqft
Units: 6
Highlights:
- Luxury Rentals: The entire building has been meticulously renovated with high-end finishes throughout.
- Unique Amenities: A beautifully built out and furnished basement lounge, shared garden space, and inbuilding laundry serve as enormously valuable differentiators for attracting and retaining tenants
- Proper Layouts: Two central air shafts provide ample light and air to allow for proper 3-bedroom units with comfortable common living areas
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
- Protected Tax Class: Tax Class 2A limits tax increase to no more than 8% per year or 30% over 5 years.
- Well-Located: Situated in a nicely balanced location, on a quiet picturesque residential block, but within minutes of retail, restaurants, art galleries, and nightlife.
- Proximity to Transportation: The L & M trains are just 4 blocks away at the Myrtle-Wyckoff station, with access to Williamsburg and Union Square within 20 minutes.
Documents:
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Offering Memorandum
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