351 Onderdonk AveRidgewood, NY 11385

Property Details for 351 Onderdonk Ave

Year built

1901

Property size (Sq ft)

4,650 SF

Property type

Commercial real estate

Description

This exceptional Ridgewood, NY, mixed-use property presents a compelling investment opportunity. Located on the corner of DeKalb Avenue and Onderdonk Avenue, this 4,650 square foot brick building offers a versatile blend of commercial and residential spaces. The ground floor, a 1,500 square foot space currently operating as a doctor's office with a 1.5-year lease generating $3,500 monthly income, is classified as Use Group 4 and features its own central air conditioning. The second floor comprises two 2-bedroom, 2-bathroom apartments, each currently renting for $2,200 per month (tenants responsible for all utilities). No leases are in place, offering immediate occupancy or customization flexibility. An adjoining property at 18-60 DeKalb Avenue adds to the investment potential, including three garages (each generating $300 monthly rental income) and a separate two-bedroom apartment renting for $2,000 per month. The entire property boasts a substantial annual gross income of $129,600. Conveniently situated four blocks from the Dekalb L-train stop and Wyckoff Hospital, this property benefits from excellent accessibility and proximity to the vibrant Bushwick and Ridgewood neighborhoods. The building dimensions are 25 x 65 feet. Significant rental growth potential exists due to the absence of current residential leases. This property is ideal for both investors seeking strong returns and end-users looking for a prime location with diverse income streams.

Location Insight

City

Ridgewood

County

Queens

State

New York

Latitude

40.7086

Longitude

-73.9146

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