Marcus & Millichap Facilitates $3.06M Sale Of Mixed-Use Property In Ridgewood, Queens
853 Onderdonk Ave, Brooklyn, NY 11237, USA
Building Size
61,000 SF
Asset Type
Mixed-use
Closing
May 9, 2018
About this deal
AI
A mixed-use property located at 853 Onderdonk Avenue in Ridgewood, Queens, New York has been sold for $3,060,000. The property spans 6,100 square feet and has a price per square foot of $502. It comprises of 6 units, making it a valuable investment opportunity in the real estate market.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $3,060,000
- Address: 853 Onderdonk Avenue, Ridgewood, Queens, New York
- Square Footage: 6,100 sf
- Price per Square Foot: $502
- Units: 6
Marcus & Millichap, represented by Shaun Riney and Tom Shihadeh, acted as the brokers for the sellers, Joe and Sal Colletti. Their expertise and assistance were instrumental in facilitating the successful transaction.
On the Map
Mixed-use
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93