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.