REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listing Courtesy of Douglas Elliman Real Estate
$ 1,599,000
Est. payment /mo
New
818 ONDERDONK Avenue Queens, NY 11385
11 Beds
7 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Ridgewood
MLS Listing ID RLS20092281
Bedrooms 11
Full Baths 7
HOA Y/N No
Annual Tax Amount $31,980
Property Sub-Type Mixed Use
Property Description
Prime mixed use investment opportunity located in the heart of Ridgewood at 818 Onderdonk Avenue. This well positioned corner property features 1 commercial storefront and 7 residential units, offering a strong blend of stable income and long term upside in one of Queens' most sought after rental markets. The residential portion of the property consists of four 2 bedroom apartments and three 1 bedroom apartments, providing an attractive and versatile unit mix for tenants. The commercial space is occupied by a deli storefront with a long term lease in place through 2030, adding stable in place income to the asset. Several residential units are expected to be delivered vacant at closing, presenting immediate flexibility for an end user or investor. The property also features a huge full length basement spanning the entire footprint of the building, offering excellent storage and additional functionality. Situated on a prominent corner with excellent visibility, the property is surrounded by neighborhood restaurants, cafes, shopping, and public transportation, making it highly desirable for both residential and commercial tenants alike. Financially, the property generates approximately $129,468 in gross operating income with a current NOI of approximately $67,066, while still offering additional value through vacant units and operational potential. A rare opportunity to acquire a mixed use asset in a thriving Ridgewood location with strong in place income, long term stability, and future upside. Please contact us for the full setup package or to schedule a private showing.
Location
State NY
County Queens
Rooms
Basement Other
Interior
Interior Features Smoke Free
Fireplace No
Laundry In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Mixed Use
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 03463-0033
Ownership None
Monthly Total Fees $2, 665
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by The Jintoorkar Team