566 ONDERDONK AVENUE Ridgewood, NY 11385
- Added:
- Feb 25, 2026
- Days on Market:
- 35
- Last Refresh:
- Apr 1 at 4:06 am
Property Features for 566 ONDERDONK AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 900
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Parking features
- Garage
- Interior features
- Corner Unit
- Exterior features
- Corner Unit
- Standard status
- Active
- Size
- 5,625 SF
Taxes and HOA fees
- TaxAnnualAmount
- 0
Building Details
- Year built
- 1931
- Year renovated
- 1931
- Floors in Building
- 3
- Flooring type
- Hardwood
- Architectural style
- Other
Listing agent Emma Barattini (646) 838-1378
Listing office EVERGREEN REALTY & INVESTMENTS 5825 Myrtle Avenue Office 2A, RIDGEWOOD, NY (646) 838-1378
Listing date Feb 25, 2026
MLS# 11662546
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Ridgewood Mixed-Use Investment Opportunity
This corner mixed-use building is located in a strong residential and retail corridor in Ridgewood, NY. The free-market, income-producing asset has been fully gut-renovated. The 5,625 square foot building features four spacious two-bedroom apartments with hardwood floors, and two established commercial spaces currently occupied by a daycare and a restaurant. The first floor measures approximately 25'x100', while the second and third floors measure 25'x64'. The fully finished basement includes two offices and a private bathroom. The property generates a strong in-place income of $255,954.00 annual gross with upside, and a NOI of $202,597.00. The cap rate at asking is 6.59%, with a potential cap rate of 7.06%. The property is well-maintained and professionally managed, with a stable tenant mix. The commercial tenants cover 40% of property taxes and 50% of DEP charges. The property is surrounded by established restaurants, cafés, and neighborhood businesses, and is located minutes from Bushwick and Williamsburg, and blocks from the L and M trains. All boilers have been replaced within the last 5 years, and plumbing and electrical systems have been upgraded within approximately the last 20 years. The exterior masonry has been pointed within approximately the last 20 years. Major capital improvements have already been completed, and the property is mechanically modernized with a low deferred maintenance profile, presenting an exceptional long-term investment opportunity in one of Queens' most sought-after neighborhoods.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Antonio's Food
Restaurant
Onderdonk Apartments
Apartment Building
Onderdonk & Sons
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Ridgewood
- County
- Queens
- State
- New York
- Longitude
- -73.910001
- Latitude
- 40.705405
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Corner mixed-use building with strong income in Ridgewood, Queens.
Where is this mixed-use property located?
The property is located at 566 ONDERDONK AVENUE Ridgewood, NY.
What is the asking price?
The asking price for this property is $3,075,000.
What are key features of this property?
This property features: Strong in‑place income of $255,954.00 annual gross with upside and NOI of $202,597.00.; Free market, income‑producing mixed‑use building with two commercial spaces (daycare and restaurant) and four spacious two‑bedroom apartments.; Fully gut‑renovated building with major capital improvements already completed and low deferred maintenance profile.
