566 Onderdonk Ave Ridgewood, NY 11385
Ridgewood NeighborhoodEstimated payment $17,409/month
Highlights
- Property is near public transit and bus stop
- Wood Flooring
- Corner Lot
About This Home
Corner mixed-use building in a strong residential and retail corridor Free market, income-producing asset Fully gut-renovated building Four spacious two-bedroom apartments with hardwood floors Two established commercial spaces (daycare and restaurant) Fully finished basement featuring two offices and a private bathroom 5,625 SF building (approx) First floor is ~25'x100', second and third floor are 25'x64' Strong in-place income: $255,354 annual gross with upside NOI: $202,043 6.59% cap rate at asking 7.06% potential cap rate Well maintained and professionally managed Stable tenant mix Commercial tenants cover 40% of property taxes + 50% of DEP Charges Surrounded by established restaurants, cafés, and neighborhood businesses Minutes to Bushwick and Williamsburg, blocks from the L and M trains. Exceptional long-term investment opportunity in one of Queens' most sought-after neighborhoods All boilers replaced within the last 5 years Plumbing systems upgraded within approximately the last 20 years Electrical systems upgraded within approximately the last 20 years Exterior masonry pointed within approximately the last 20 years Major capital improvements already completed Mechanically modernized with low deferred maintenance profile
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1931
Lot Details
- 2,500 Sq Ft Lot
- Corner Lot
Interior Spaces
- 5,625 Sq Ft Home
- 3-Story Property
- Wood Flooring
- Finished Basement
Location
- Property is near public transit and bus stop
Community Details
- Ridgewood Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $18,813 | $162,517 | $37,798 | $124,719 |
| 2024 | $18,813 | $150,480 | $42,004 | $108,476 |
| 2023 | $17,420 | $139,335 | $35,521 | $103,814 |
| 2022 | $15,785 | $531,900 | $133,650 | $398,250 |
| 2021 | $15,826 | $481,950 | $133,650 | $348,300 |
| 2020 | $15,593 | $468,000 | $133,650 | $334,350 |
| 2019 | $14,599 | $389,880 | $133,650 | $256,230 |
| 2018 | $13,632 | $107,181 | $44,090 | $63,091 |
| 2017 | $12,623 | $99,243 | $43,029 | $56,214 |
| 2016 | $12,794 | $99,243 | $43,029 | $56,214 |
| 2015 | $7,691 | $96,164 | $52,213 | $43,951 |
| 2014 | $7,691 | $89,042 | $56,628 | $32,414 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/25/2026 02/25/26 | For Sale | $3,075,000 | -- | $547 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $185,000 | Commercial |
Source: NY State MLS
MLS Number: 11662546
APN: 03435-0039
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Ask me questions while you tour the home.