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686 Onderdonk Avenue

The Gabriel Family Acquires 6-Unit Multifamily In Ridgewood, Queens For $950K
SOLDMultiFamily

The Gabriel Family Acquires 6-Unit Multifamily In Ridgewood, Queens For $950K

686 Onderdonk Avenue

$950,000

$194/SF

Building Size

4,875 SF

Asset Type

MultiFamily

Closing

Jan 26, 2024

AI

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].

Players

Joseph Safdie

Safdie Realty Group

Broker

$25.1M

vol

16 deals

Broker

Ridgewood 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

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93