The Gabriel Family Acquires 6-Unit Multifamily In Ridgewood, Queens For $950K
SOLD
$950,000
New York
See Similar DealsMultiFamily4,875 SF
Sold 01/26/2024
SOLD
The Gabriel Family Acquires 6-Unit Multifamily In Ridgewood, Queens For $950K
686 Onderdonk Avenue
See Similar DealsMultiFamily4,875 SF
Sold 01/26/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$194
Total Square Footage:4,875 SF
Transaction Type:Sale
The multifamily property located at 686 Onderdonk Avenue in Ridgewood, Queens has been sold for a price of $950,000. The property consists of 6 units with an average price per unit of $158,333. The total square footage of the property is 4,875, making the price per square foot $195. The transaction took place on January 26, 2024.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $950,000
- Address: 686 Onderdonk Avenue
- Market: Ridgewood, Queens
The buyer of the property is The Gabriel Family, while the seller is Marcin Kucharski. Roni Yaghoobzar and Joseph Safdie from Safdie Realty Group served as the brokers in the transaction, representing both the seller and the purchaser. For more opportunities or inquiries, interested parties can reach out directly to Roni Yaghoobzar at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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