Updated Dec 21, 2023
BRG Acquires Multi Family Property In Ridgewood, NY For $2.2M
605 Onderdonk Avenue, Queens, New York 11385, United States
$2,200,000
$733/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Mar 1, 2022
About this deal
AI
The multi-family property located at 605 Onderdonk Ave in Ridgewood, NY has been sold for a price of $2,200,000. This property consists of 4 units, with each unit having a price per unit of $550,000. The total square footage of the property is 3,000, resulting in a price per square foot of $733.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $2,200,000
- Units: 4
- Price per Unit: $550,000
- Square Footage: 3,000
- Price per Square Foot: $733
- Address: 605 Onderdonk Ave, Ridgewood, NY
- Market: Ridgewood, NY
Ari Harkov from BRG | Bestreich Realty Group represented the buyer in this transaction, while Derek Bestreich and Steve Reynolds, also from BRG | Bestreich Realty Group, represented the seller.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93