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
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