Klosed Properties Acquires Mixed-Use Property In Ridgewood, Queens For $3.4M
402 Onderdonk Avenue, Queens, New York 11385, United States
$3,400,000
$365/SF
Building Size
9,300 SF
Asset Type
Mixed-use
Closing
Jun 8, 2022
AI
A mixed-use property located at 402 & 404 Onderdonk Ave. in Ridgewood, Queens has been sold for a total of $3,400,000. The property spans 9,300 square feet, resulting in a price per square foot of $36. The sale took place on 06/09/2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,400,000
- Date: 06/09/2022
- Address: 402 & 404 Onderdonk Ave.
- Market: Ridgewood, Queens
The buyer of the property is Klosed Properties, represented by Shawn Aziz & Steven Kashanian. The seller of the property is Miliha Cobaj & Januz Cobel.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93