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    508 Onderdonk Ave Flushing, NY 11385

    For Sale
    $1,799,000

    Six two-bedroom apartments in Ridgewood with strong income potential.

    Lot size:
    0.06 Acres

    Property Features for 508 Onderdonk Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1930

    Source: Exclusive Properties Realty In Agent Alevtina Ioffe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ridgewood Six-Family Investment Opportunity

    This six-family building in Ridgewood features six spacious two-bedroom, one-bathroom apartments. Each apartment is designed with functional layouts that maximize living space and natural light. The property offers investors strong income potential with stable tenancy and a desirable unit mix that appeals to a wide range of renters. Each apartment features comfortable living areas, well-proportioned bedrooms, and classic finishes. The building's solid construction and well-maintained condition make it suitable for long-term ownership or value-add strategies. The configuration of multiple two-bedroom units makes it an attractive asset for both end users seeking rental income and seasoned investors looking to expand their portfolio. This property offers consistent rental demand and enduring appeal.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Queens
    State
    New York
    Longitude
    -73.911074
    Latitude
    40.705947

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    FAQs

    What type of property is this?
    Apartment building - Six two-bedroom apartments in Ridgewood with strong income potential.
    Where is this apartment building located?
    The property is located at 508 Onderdonk Ave Flushing, NY.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: - Strong income potential with stable tenancy; - Six spacious two-bedroom, one-bathroom apartments; - Desirable unit mix appealing to a wide range of renters
    (718) 916-4618
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    508 Onderdonk Ave Flushing, NY 11385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 Onderdonk Ave Flushing, NY 11385
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