KlosedProperties Acquires Multifamily Property In Ridgewood, Queens For $1.22M
363 Onderdonk Ave, Ridgewood, NY 11385, USA
$1,220,000
$25/SF
Building Size
47,160 SF
Asset Type
MultiFamily
Closing
Sep 9, 2020
AI
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.
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93