Nest Seekers

6 Family brick construction, 6 Apartments Rent Stabilized.

18-58 Cornelia Street
New York, NY 11385

Listing

Web ID:4027347
Website:https://www.nestseekers.com/4027347
Cross street:Onderdonk Ave

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio

Financials

Price:$1,100,000
Annual Taxes:$16,769.23
Real estate tax:$19,500

Description

6 Family brick construction, 6 Apartments Rent Stabilized. Each apartment consists of Eik, Livrm, 3 Bedrms and 1 Bathrm. Windows in each room. Gross Yearly income is $108.471.00. Net Opereting Income is $74,980.77 and Expenses $33,490.23. Clean building, good for investors. Rubber roof was renovated in January 2024, Gas pipes are replaced in April 2024 and a new Water Heater installed in February 2025. Fully Occuied. Leases: 1L $1,431.25 1/1/28, 1R $1,746.12/12/31/26, 2L $1,250 12/1/26, 2R $1,293.69 11/1/27, 3L $1,750 1/1/27, 3R $1,567.38 7/31/27. Cap Rate 6.82%. Building size: 27.42x68. Lot size: 27.42x100. Close to M train and shops, restaurants and park.
  • View of property featuring cooling unit
  • View of front facade featuring a gate and a fenced front yard
  • View of below grade area
  • Utility room featuring water heater
  • Kitchen with light wood-style flooring and stove
  • Living room featuring carpet and ceiling fan
  • Full bath featuring shower / bath combo, tile walls, backsplash, vanity, and light tile patterned floors
  • Carpeted bedroom featuring a desk and a textured ceiling
  • View of carpeted bedroom
  • Bedroom with a textured ceiling, carpet flooring, and cooling unit

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Keller Williams Landmark II
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