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352 Onderdonk Avenue, Queen...

Jon Dimitrijevski Sells Ridgewood Multifamily Property For $2.1M With 5 BORO REALTY Broker
SOLDMultiFamily

Jon Dimitrijevski Sells Ridgewood Multifamily Property For $2.1M With 5 BORO REALTY Broker

352 Onderdonk Avenue, Queens, New York 11385, United States

$2,100,000

$363/SF

Building Size

5,775 SF

Asset Type

MultiFamily

Closing

May 31, 2022

AI

The multifamily property located at 352 Onderdonk Ave. in Ridgewood was recently sold for $2,100,000. The sale, which took place on 06/01/2022, involved a total of 5 units with an average price per unit of $420,000. The property spans across 5,775 square feet, resulting in a price per square foot of $363.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Address: 352 Onderdonk Ave.
  • Market: Ridgewood
  • Units: 5
  • Price per Unit: $420,000
  • Total Square Footage: 5,775
  • Price per Square Foot: $363

The seller of the property was Jon Dimitrijevski, while the brokerage firm representing the transaction was 5 BORO REALTY.

Players

Nina Sabag

5 Boro Realty

Broker

$40.3M

vol

22 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93