1663 - 1665 CORNELIA STREET

For Sale - Queens - Ridgewood

$4,900,000

Net Operating Income: Contact Agent

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Key Details

Property Type
MultiFamily
Neighborhood
Ridgewood
Property Dimensions
25.0 x 69.0
Property Area
5,175 sq.ft.
Total Units:
6
Stories:
3
NOI
Contact Agent
Price
$4,900,000

Listing Description

Avison Young, as exclusive agent, is pleased to offer for sale 1665 Cornelia Street, a four-story, newly-renovated, co-living walk-up building located on Cornelia Street between Cypress and Wyckoff Avenues. in the Ridgewood neighborhood of Queens. The Property consists of 6,624 square feet including the Amenity Level, and includes six, three-bedroom apartments as well as a large furnished backyard space. It is conveniently located only a few blocks from both the L and M train.

Common, a well known co-living company is currently acting as the management agent for 1665 Cornelia Street based on a Base Fee structure. Common provides tenants with furnished bedrooms, cable, electric and building events. Weekly cleaning of communal areas, utilities, and shared supplies are also provided by Common to tenants at 1665 Cornelia Street. With the co-living management agency in place, minimal management is required from ownership. Since the Property is rented on a per room basis, lower total housing costs for tenants and higher rent per square foot for the owner are achieved simultaneously.

Property Details

Block/Lot:
3546/79
Lot Dimensions
25.0 x 100.0
Lot Area
2,500 sq.ft
Zoning:
R6B
FAR as Built:
2.07
Max FAR:
2.0
Allan FriesAvison Young
Contact Agent Download Listing Flyer

Sales & Transactions

AddressSale PriceSale DateProperty Type
1708 PALMETTO STREET$1,050,00007/23/2018MultiFamily
1896 DEKALB AVENUE$1,025,00007/03/2018MultiFamily
1729 MENAHAN STREET$1,450,00006/27/2018MultiFamily
1923 CORNELIA STREET$1,700,00006/26/2018MultiFamily
1626 CORNELIA STREET$1,400,00006/19/2018MultiFamily
18-23 STEPHEN STREET$1,375,00006/19/2018MultiFamily
20-28 MENAHAN STREET$995,00006/04/2018MultiFamily
53-48 METROPOLITAN AVE$1,130,00005/30/2018MultiFamily
508 ONDERDONK AVENUE$600,00005/24/2018MultiFamily
18-18 HARMAN ST$1,765,00005/24/2018MultiFamily