Klosed Properties Acquires Mixed-Use Property In Ridgewood, Queens For $3.4M
SOLD
$3,400,000
New York
See Similar DealsMixed-use9,300 SF
Sold 06/09/2022
SOLD
Klosed Properties Acquires Mixed-Use Property In Ridgewood, Queens For $3.4M
402 Onderdonk Avenue, Queens, New York 11385, United States
See Similar DealsMixed-use9,300 SF
Sold 06/09/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$365
Total Square Footage:9,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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