804 Onderdonk Avenue presents an exceptional opportunity to acquire a corner, brick, 7 unit multifamily building in one of Queens most sought after and rapidly growing neighborhoods, Ridgewood.


Property

Website:https://www.nestseekers.com/5369758
Address:
804 Onderdonk Avenue Apt: MULTI-FAM
Queens, NY 11385
Cross street:Putnam Avenue
Type:Low-rise
Era:Post-war
Floors:3
Ownership: Multi-Family
Rooms: 30
Bedrooms: 17 BR
Bathrooms: 7
Pets: No Pets Allowed

Financials

Price:$1,395,000
Real estate tax:$2,330

Description

804 Onderdonk Avenue presents an exceptional opportunity to acquire a corner, brick, 7-unit multifamily building in one of Queens most sought-after and rapidly growing neighborhoods, Ridgewood.

Comprised of seven residential apartments (5 three-bedroom units and 2 one-bedroom units all boxed rooms) this well-maintained property offers a solid rent roll and long-term upside potential. Apartments feature attractive layouts with hardwood floors, abundant natural light, and high ceilings, qualities that consistently attract and retain tenants.

Situated on a prime corner location, the building offers excellent neighborhood access, convenient transportation options, and close proximity to the shops, restaurants, and amenities that continue to drive demand in Ridgewood.

For investors seeking a property that delivers stable cash flow today with strong future growth potential, 804 Onderdonk Avenue is an opportunity not to be missed.

Financial Overview:

Annual : $136,296

Total Yearly Expenses: $50,000

NOI: $86,297

Contact us for full setup or to schedule a viewing.

BOND New York Properties is a licensed real estate broker that proudly supports equal housing opportunity.

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of BOND New York