Address
508 Onderdonk Avenue, Brooklyn, NY
Price
$ 1,799,000
Property Attributes
- MLS#495231
- TypeMulti-Family
- Listing Status Active
- CountyQUEENS
- CityBrooklyn
- AreaQueens
- NeighborhoodRidgewood
- Zip11385
- StyleMulti-Family
- Year Built1930
- Taxes$ 14497
- Price$ 1,799,000
- Bedrooms12
- Full Bathrooms6
- Half Bathrooms0
- Lot Size0.057392 Acres
Data Source:
Brooklyn MLS (BNYMLS)
Property Description
Let us presents an exceptional investment opportunity in the heart of Ridgewood. This six-family building is comprised of six spacious two-bedroom, one-bathroom apartments, each 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 that provide both practicality and charm. With its solid construction and well-maintained condition, this building is ideal 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 stands as a rare find—a true six-family property with consistent rental demand and enduring appeal.
| Price History | |
|---|---|
| 8/22/2025 | Listed $1,799,000 |
General Features
| Net Operating Income | 58000.00 |
|---|---|
| Roof | Asphalt/Tar |
| Zoning | R6B |
| Electric | 110 V |
| Stories Count | 3 |
| Property Type | Residential |
| Block | 3434 |
| Cap Rate | 0.03 |
| Lot Number | 33 |
| Yearly Taxes | 14497.00 |
| Transaction Type | Sale |
| Insurance Expense | 5500.00 |
| Utility Expense | 500.00 |
| Gross Expense | 12500.00 |
| Financing | 1031 Exchange,Bank Mortgage,Cash |
| Building Type | Attached |
| Gross Income | 542880 |
| Status | Active |
| Fuel Expense | 7000.00 |
| Total Rooms | 24 |
| Construction Materials | Block |
| Cumulative Days on Market | 400 |
| MLS Area | Ridgewood |
| Sub Type | Multi-Family |
| Year Built | 1930 |
| City | Brooklyn |
| Borough | Queens |
| Residential Features | A/C Unit - Window,Microwave,Refrigerator,Stove |
| Number Of Vacant Units | 1 |
| DOM | 397 |
| Sale Type | Arm's Length |
| # Families | 6 |
| Public Remarks | Let us presents an exceptional investment opportunity in the heart of Ridgewood. This six-family building is comprised of six spacious two-bedroom,one-bathroom apartments,each designed with functiona |
Interior Features
| Heating Fuel | Gas |
|---|---|
| Flooring | Hardwood,Tile |
| Hot Water | Gas |
| Full Baths | 6 |
| Unit Count | 6 |
| Building Amenities | Secure Lobby |
| Basement Amenities | Finished |
| Beds Total Level 1 | 4 |
| Beds Total Level 2 | 4 |
| Beds Total Level 3 | 4 |
| Rooms Total Level 1 | 8 |
| Rooms Total Level 2 | 8 |
| Rooms Total Level 3 | 8 |
| Beds Total | 12 |
| Total Baths | 6.00 |
Exterior Features
| Exterior | Brick |
|---|---|
| Yard | Back |
| Foundation | Block |
| Lot Sq Ft | 2500 |
| Property Panorama YN | Yes |
| Lot Size Length | 100 |
| Lot Size Width | 25 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 11385
Price
Taxes
Year Built
Visits
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