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516 Onderdonk Ave
Ridgewood, NY 11385

$2,900,000 USD

Multifamily For Sale  •  4,725 SF

Property Details

• Property Type Multifamily
• Total Building Size 4,725 SF
• Year Built 1930
• Cap Rate 3.38 %
• Zoning R6B

100 Transit Score

100 Walk Score

Highlights

rents are below market upside projected yearly income $186,000.

corner solid brick building New window and renvated apartments

Financial Summary (Actual)

Net Operating Income: $97,680 USD (2025)

Cap Rate:	3.38 %
Total Expenses:	$44,520 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	7 min	-	3.1 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	12 min	-	3.7 mi
Transit/Subway	Drive	Walk	Distance
Seneca Avenue (M - New York MTA Subway (The Subway))	1 min	6 min	0.3 mi
Forest Avenue (M - New York MTA Subway (The Subway))	3 min	10 min	0.6 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Dekalb Avenue (L Line) (L - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Jefferson Street (L - New York MTA Subway (The Subway))	2 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
LaGuardia	15 min	-	7.0 mi
John F Kennedy International	18 min	-	11.0 mi
Newark Liberty International	33 min	-	17.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	OneCarGarage
Included in Rent:	Yes