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Hot Ridgewood Queens 516 Onderdonk Ave 6 Unit Apartment Building $4,080,300 CAD ($680,050 CAD/Unit) 3.38% Cap Rate Ridgewood, NY 11385
Investment Highlights
- rents are below market upside projected yearly income $186,000.
- corner solid brick building New window and renvated apartments
Executive Summary
Prime Ridgewood Queens location with upside. 5-2-bedroom apartments, free market rent, renovated. With a store on the ground floor. Plus a 3-car garage.
Rents below market and no leases.
Rents below market and no leases.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$200,075
|
$42.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,075
|
$42.34
|
| Taxes |
$29,547
|
$6.25
|
| Operating Expenses |
$33,093
|
$7.00
|
| Total Expenses |
$62,640
|
$13.26
|
| Net Operating Income |
$137,436
|
$29.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $200,075 |
| Annual Per SF | $42.34 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $200,075 |
| Annual Per SF | $42.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,547 |
| Annual Per SF | $6.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $33,093 |
| Annual Per SF | $7.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $62,640 |
| Annual Per SF | $13.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $137,436 |
| Annual Per SF | $29.09 |
Property Facts
| Price | $4,080,300 CAD | Apartment Style | Garden |
| Price Per Unit | $680,050 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 3.38% | Building Size | 4,725 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 0.63/1,000 SF |
| Zoning | R6B - 2 FAR | ||
| Price | $4,080,300 CAD |
| Price Per Unit | $680,050 CAD |
| Sale Type | Investment |
| Cap Rate | 3.38% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,725 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | R6B - 2 FAR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 10+5 | 5 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03434-0040 | Total Assessment | $252,579 CAD (2026) |
| Land Assessment | $2,538 CAD (2026) | Annual Taxes | $29,547 CAD ($6.25 CAD/SF) |
| Improvements Assessment | $250,041 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
03434-0040
Land Assessment
$2,538 CAD (2026)
Improvements Assessment
$250,041 CAD (2026)
Total Assessment
$252,579 CAD (2026)
Annual Taxes
$29,547 CAD ($6.25 CAD/SF)
Tax Year
2025
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Hot Ridgewood Queens | 516 Onderdonk Ave
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