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MultiFamily Property at 3-63 Onderdonk Avenue Listed

MultiFamily Property at 3-63 Onderdonk Avenue Listed
FOR SALE

$2,800,000

3-63 Onderdonk Avenue, Ridgewood, NY 11385

4,725 SF

Square Feet

$593

PPSF

6

Units

400.0K

PPU

Property Description

Units

6 — PPU: 400.0K

GFI Realty Services is pleased to present the exclusive offering of 3-63 Onderdonk Avenue, a fully renovated, free market six-unit multifamily property located in Ridgewood, Queens. The unit mix includes two two-bedroom and four three-bedroom apartments, all featuring modern finishes, stainless steel appliances, in-unit washer/dryers, hardwood flooring, and one-and-a-half to two bathrooms.  The property is ideally positioned near Grover Cleveland Athletic Field, Maria Hernandez Park, and Wyckoff Heights Medical Center, with convenient access to the L subway line and the retail corridors along Myrtle Avenue and Knickerbocker Avenue.  This turnkey asset offers strong in-place income with minimal capital needs in a sought-after rental market.


Property Details

Asset Type

MultiFamily

Neighborhood

Ridgewood

ZIP

11385

Renovated

1930

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$159,281

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$13,273

Annual Debt Service

$159,281

View on Map

Address

3-63 Onderdonk Avenue

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Ridgewood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Zachary Fuchs

Zachary Fuchs

Licensed Real Estate Salesperson

63 closed

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Zachary Fuchs

Zachary Fuchs

Licensed Real Estate Salesperson

63 closed

Call