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605 Onderdonk Avenue, Queen...

BRG Acquires Multi Family Property In Ridgewood, NY For $2.2M
SOLDMultiFamily

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

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

Derek Bestreich

Investment Property Realty Group (IPRG)

Broker

$1.1B

vol

312 deals

Broker

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