508 Onderdonk Ave Flushing, NY 11385
Ridgewood NeighborhoodEstimated payment $11,077/month
Highlights
- Wood Flooring
- Secure Lobby
- Back Yard
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,497
Year Built
- Built in 1930
Lot Details
- 2,500 Sq Ft Lot
- Lot Dimensions are 100 x 25
- Back Yard
Home Design
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
Interior Spaces
- 3-Story Property
- Finished Basement
Kitchen
- Stove
- Microwave
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Full Bathrooms
Utilities
- Window Unit Cooling System
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 3434
Community Details
Building Details
- Fuel Expense $7,000
- Insurance Expense $5,500
- Utility Expense $500
- Gross Income $542,880
- Net Operating Income $58,000
Additional Features
- 6 Units
- Secure Lobby
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $14,502 | $125,128 | $1,762 | $123,366 |
| 2025 | $14,497 | $116,019 | $1,961 | $114,058 |
| 2024 | $14,497 | $115,957 | $1,877 | $114,080 |
| 2023 | $13,430 | $107,419 | $1,840 | $105,579 |
| 2022 | $12,175 | $342,000 | $5,850 | $336,150 |
| 2021 | $11,807 | $297,000 | $5,850 | $291,150 |
| 2020 | $11,132 | $325,800 | $5,850 | $319,950 |
| 2019 | $11,250 | $285,660 | $5,850 | $279,810 |
| 2018 | $10,510 | $82,630 | $2,031 | $80,599 |
| 2017 | $9,736 | $76,547 | $1,974 | $74,573 |
| 2016 | $9,545 | $76,547 | $1,974 | $74,573 |
| 2015 | $5,932 | $68,650 | $2,166 | $66,484 |
| 2014 | $5,932 | $68,614 | $2,275 | $66,339 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | For Sale | $1,799,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $600,000 | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $750,000 | Purchase Money Mortgage | |
| Previous Owner | $246,060 | Commercial | |
| Previous Owner | $285,000 | Commercial |
Source: Brooklyn Board of REALTORS®
MLS Number: 495231
APN: 03434-0033
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The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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