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
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