4-Unit Multifamily
410 Onderdonk Avenue, Ridgewood, NY 11385
For Sale
$1,399,999
One apartment is vacant, and the property has a newer boiler and main water service line.
Property Size2,750 SF
Price / SF$509.09
Days on Market34
Property Features for 410 Onderdonk Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Entrance Foyer
Building Details
Building Size
Year Built
Units
Listing Agency:
Grimaldi Realty Group
(718) 456-1400
Listed By:
Frank Grimaldi
(347) 880-2582
Source:
Croninreale
Added: Oct 5
Changed: Nov 6
Last Checked: Nov 6 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grimaldi Realty Group
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Investment Insights
Based on property information with market context.
Built in 1930, this multifamily property contains four residential apartments. One unit is vacant. The boiler was installed approximately two years ago, and the main water service line is new.
The property is on Onderdonk Avenue in Ridgewood, Queens, near neighborhood shops and restaurants, with public transportation and other local amenities accessible nearby.
The property is on Onderdonk Avenue in Ridgewood, Queens, near neighborhood shops and restaurants, with public transportation and other local amenities accessible nearby.
Key Highlights
- Four residential units, including one currently vacant
- Boiler installed approximately two years ago
- New main water service line
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,222
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,440
$1.3M
Cap Rate 7%
$960,314
$960.3K
Cap Rate 9%
$746,911
$746.9K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$127.1K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$122.2K $44.44/SF
− OpEx
−$55.0K −$20.00/SF
NOI
$67.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,440
Cap Rate 7%
$960,314
Cap Rate 9%
$746,911
Alternative Uses
Best Use
Apartment 5plus
$960.3K
$840.3K – $1.12M
NOI $67,222 @ 7.0% cap · market cap 4.80%
Second Best
Multifamily LT 5
$650.2K
$569.0K – $758.6K
NOI $45,517 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,913 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,385
Businesses Nearby
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Business Placement
Demographics for 11385, NY
100,883
Population
40,175
Households
2.5
Avg Household Size
36
Median Age
34%
College-Educated
84%
High-School Grad
3.6 sq mi
ZIP Area
28,023
Density / Sq Mi
$87,365
Median Household Income
$47,335
Median Earnings
$1,959
Median Rent
$842,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Queens County, NY
Properties on Market for Quadplexes in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - One apartment is vacant, and the property has a newer boiler and main water service line.
Where is this quadplex located?
The property is located at 410 Onderdonk Avenue Ridgewood, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Four residential units, including one currently vacant; Boiler installed approximately two years ago; New main water service line
