KlosedProperties Acquires Multifamily Property In Ridgewood, Queens For $1.22M
SOLD
$1,220,000
New York
See Similar DealsMultiFamily47,160 SF
Sold 09/10/2020
SOLD
KlosedProperties Acquires Multifamily Property In Ridgewood, Queens For $1.22M
363 Onderdonk Ave, Ridgewood, NY 11385, USA
See Similar DealsMultiFamily47,160 SF
Sold 09/10/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$25
Total Square Footage:47,160 SF
Transaction Type:Sale
A multifamily property located at 363 Onderdonk Ave in Ridgewood, Queens has been sold for a price of $1,220,000. The property spans 4,716 square feet, resulting in a price per square foot of $258. It consists of 6 units, with an average price per unit of $203,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Address: 363 Onderdonk Ave
- Market: Ridgewood, Queens
- Buyer: @KlosedProperties
- Seller: Bogdan Wiszniewski
The property has a lot size of 25 ft x 98.25 ft and falls under tax class 2A with a zoning designation of R6B. The last recorded sale of the property was for $650,000 in October 2012.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,334.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,783.42
Annual Debt Service$69,401.07
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