351 Onderdonk Avenue, New York (Ridgewood), NY, 11385 | $2,650,000

Presenting an exceptional real estate opportunity in the heart of Ridgewood, NY! Situated at the corner of DeKalb Avenue and Onderdonk Ave, this corner brick mixed-use building offers a prime location and versatile spaces tailored for diverse needs. On the ground floor, discover a dynamic setting perfectly suited for community engagement. Hosting a Use Group 4 classification, this 1500 sqft space currently operates as a doctor's office, generating $3, 500 per month with a lease extending 1. 5 years. This office has its own central air conditioning system. Seize the chance to secure a strategic foothold in the thriving healthcare sector or foster community initiatives. Ascending to the second floor, two apartments await. These two-bedroom, two-bathroom residences offer tenants independence, each paying $2, 200 per month and responsible for their utilities, including heat, hot water, cooking gas, and electricity. With no leases in place, the potential for immediate occupancy or customization beckons, granting flexibility to investors or end-users alike. Further enhancing this offering is the adjoining property at 18-60 DeKalb Ave, comprising a two-story structure with three ground-level garages and a two-bedroom apartment above. Garnering additional rental income from the garages ($900 - each garage $300. 00) and apartment ($2, 000), this complementary asset enriches the investment portfolio. Conveniently situated just four blocks from the Dekalb stop on the L-train and Wyckoff Hospital, accessibility and convenience are seamlessly integrated. Explore the vibrant Bushwick dining scene, immerse in eclectic nightlife, and relish the charm of Ridgewood proper. Whether you're an astute investor seeking a lucrative opportunity or a visionary end-user eager to leave your mark, this property promises boundless potential. With a robust gross income of $129, 600 annually, don't miss your chance to claim a stake in this thriving community. There is a large potential for rent growth as all residential units have no leases. , Building Size: 25 x 65ft

Features

  • Town: New York
  • Parking: 3-car
  • Levels: 2
  • Heating: Natural Gas
  • Units: 7
  • Frontage: 125
  • Year Built: 1901
  • Est. Taxes: $5,589
  • MLS#: 3542862
  • Days on Market: 43 days
  • Website: https://www.raveis.com
    /prop/3542862/351onderdonkavenue_newyork_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Crifasi Real Estate Inc   Phone: 718-782-4411

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

351 Onderdonk Avenue, New York (Ridgewood), NY, 11385

$2,650,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,120,000 $2,120,000 $2,120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.795% 6.472% 5.966%
Monthly Tax Payment $466 $466 $466
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,204 $13,226 $17,747
Total Monthly Payment $12,795 $13,817 $18,338

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.