Log In/Sign Up
Your email has been sent.
516 Onderdonk Ave - Hot Ridgewood Queens 6 Unit Apartment Building Offered at $3,994,750 CAD at a 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 |
$195,881
|
$41.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$195,881
|
$41.46
|
| Taxes |
$28,928
|
$6.12
|
| Operating Expenses |
$32,399
|
$6.86
|
| Total Expenses |
$61,326
|
$12.98
|
| Net Operating Income |
$134,554
|
$28.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $195,881 |
| Annual Per SF | $41.46 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $195,881 |
| Annual Per SF | $41.46 |
| Taxes (CAD) | |
|---|---|
| Annual | $28,928 |
| Annual Per SF | $6.12 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $32,399 |
| Annual Per SF | $6.86 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $61,326 |
| Annual Per SF | $12.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $134,554 |
| Annual Per SF | $28.48 |
Property Facts
| Price | $3,994,750 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $665,792 CAD | Building Size | 4,725 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 3.38% | No. Stories | 3 |
| Sale Condition | 1031 Exchange | Year Built | 1930 |
| No. Units | 6 | Parking Ratio | 0.63/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | R6B - 2 FAR | ||
| Price | $3,994,750 CAD |
| Price Per Unit | $665,792 CAD |
| Sale Type | Investment |
| Cap Rate | 3.38% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| 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 | $229,307 CAD |
| Land Assessment | $2,765 CAD | Annual Taxes | $28,928 CAD ($6.12 CAD/SF) |
| Improvements Assessment | $226,542 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
03434-0040
Land Assessment
$2,765 CAD
Improvements Assessment
$226,542 CAD
Total Assessment
$229,307 CAD
Annual Taxes
$28,928 CAD ($6.12 CAD/SF)
Tax Year
2025
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
516 Onderdonk Ave - Hot Ridgewood Queens
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.