NOT LISTED FOR SALE

16-64 Cornelia St Flushing, NY 11385

Ridgewood Neighborhood

Estimated Value: $1,314,000 - $2,227,000

6 Beds
3 Baths
2,790 Sq Ft
$698/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $1,040,000 $373 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $10,723/month

34 Days on Market

Highlights

  • Property is near public transit
  • Den
  • New Windows
  • Main Floor Bedroom
  • Formal Dining Room
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of July 2024

Nestled in the heart of trendy Ridgewood, this multi-family gem presents a lucrative opportunity for savvy investors or ambitious renovators seeking to make their mark. A grand facade hints at the potential within, boasting charming architectural details that beckon for restoration. Enter inside to discover a canvas awaiting your vision, with the main floor offering a spacious 2-bedroom layout, while the upper level boasts 3 bedrooms, ensuring ample space. The basement, with its additional bedroom, presents further potential for expansion or rental income. While the property is currently in need of a total renovation, envision the possibilities for customization and modernization to transform this diamond in the rough into a shining jewel. Outside, a private yard offers a serene retreat from city life, perfect for relaxing or entertaining. With Ridgewood's vibrant dining, shopping, and cultural scene just steps away, seize the opportunity to create your dream investment in this coveted neighborhood.

Last Agent to Sell the Property

Ian Rubinstein

Redfin Real Estate Brokerage Phone: 631-337-8238 License #10401334306 Listed on: 04/12/2024

Redfin Real Estate

Last Buyer's Agent

Ian Rubinstein

Redfin Real Estate Brokerage Phone: 631-337-8238 License #10401334306 Listed on: 04/12/2024

Redfin Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,351

Year Built

  • Built in 1910

Lot Details

  • 1,604 Sq Ft Lot
  • Lot Dimensions are 18.58x86.33
  • No Common Walls
  • Northeast Facing Home
  • Private Entrance
  • Fenced

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,790 Sq Ft Home
  • 3-Story Property
  • New Windows
  • Formal Dining Room
  • Den
  • Storage
  • Washer
  • Unfinished Basement
  • Walk-Out Basement

Kitchen

  • Oven
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Location

  • Property is near public transit

Schools

  • Is 119 Glendale Elementary School
  • Ps 128 Lorraine Tuzzo-Juniper Valley Middle School
  • Bard High Sch Early College Queens

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 41 / 3547
  • Assessor Parcel Number 03547-0041

Community Details

Overview

  • 3 Units

Recreation

  • Park

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,351

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1910
  • New Construction: No
  • Attribution Contact: 631-337-8238
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Oven, Refrigerator, Washer
  • Interior Amenities: First Floor Bedroom, Den/Family Room, Formal Dining, Living Room/Dining Room Combo, Storage
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Basement: Unfinished, Walk-Out Access
  • Inclusions: A/C Units,B/I Audio/Visual Equip,B/I Shelves,Ceiling Fan,Chandelier(s),Craft/Table/Bench,Curtains/Drapes,Door Hardware,Energy Star Appliance(s),Entertainment Cabinets,Flat Screen TV Bracket,Light Fixtures,Low Flow fixtures,Microwave,Refrigerator,Screens,Second Stove,Second Washer,Shades/Blinds,Speakers Indoor,Storm Windows,Video Cameras
  • Total Bedrooms: 6
  • Living Area: 2790
  • Window Features: New Windows
  • SquareFootage: 2790.00
  • SquareFootageSource: Municipality
  • NumberOfKitchens: 3

Exterior Features

  • Direction Faces: Northeast
  • Construction Materials: Brick
  • Fencing: Fenced
  • Exterior Features: Private Entrance
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Description: Garage

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Electric Stand Alone

Association/Amenities

  • Community Features: Park, Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Ps 128 Lorraine Tuzzo-Juniper Valley

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 18.58x86.33
  • Lot Size Sq Ft: 1604
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 03547-0041
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Tenant Pays: All Utilities
  • Available Date: 2024-06-28

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3
  • NumberOf1Bedrooms: 1
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 6351.4
  • Tax Block: 3547
  • Tax Lot: 41
  • Tax Map Number: 03547-0041

MLS Schools

  • Elementary School: Is 119 Glendale (The)
  • High School: Bard High Sch Early College Queens
  • Middle School District: Queens 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2025
Sold by
Mtek Sales Llc
Bought by
Golden Shira and Mcginnis John
Current Estimated Value
$1,946,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Outstanding Balance
$1,668,513
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$278,373

Purchase Details

Listed on
Apr 12, 2024
Closed on
Jul 12, 2024
Sold by
Barrera Azucena R and Barrera Deceased
Bought by
Mtek Sales Llc
Seller's Agent
Ian Rubinstein
Redfin Real Estate
Buyer's Agent
Ian Rubinstein
Redfin Real Estate
List Price
$1,099,000
Sold Price
$1,040,000
Premium/Discount to List
-$59,000
-5.37%
Views
56

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.10%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Golden Shira $2,100,000 --
Mtek Sales Llc $1,040,000 --
Mtek Sales Llc $1,040,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golden Shira $1,680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2024 07/12/24 Sold $1,040,000 -5.4% $373 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $1,099,000 -- $394 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,281 $34,612 $5,428 $29,184
2024 $6,563 $32,674 $5,417 $27,257
2023 $6,281 $32,674 $4,741 $27,933
2022 $6,179 $73,320 $11,160 $62,160
2021 $6,135 $60,780 $11,160 $49,620
2020 $5,809 $62,940 $11,160 $51,780
2019 $5,403 $69,300 $11,160 $58,140
2018 $5,253 $27,228 $5,259 $21,969
2017 $5,202 $26,990 $5,913 $21,077
2016 $4,781 $26,990 $5,913 $21,077
2015 $2,851 $24,036 $5,533 $18,503
2014 $2,851 $22,690 $6,270 $16,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: OneKey® MLS

MLS Number: KEY3544289

OneKey® MLS

APN: 03547-0041

New York Queens County Flushing 11385 Ridgewood

16-64 Cornelia St, Flushing, NY

Not Listed for Sale

MultiFamily

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