facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

363 Onderdonk Ave, Ridgewoo...

KlosedProperties Acquires Multifamily Property In Ridgewood, Queens For $1.22M
SOLDMultiFamily

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

Klosed Properties
Klosed PropertiesBuyer

Bogdan Wiszniewski

Seller

$3.4M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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