566 Onderdonk Avenue, RIDGEWOOD, NY 11385 (MLS # 11662546)
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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
| DAYS ON MARKET | 1 | LAST UPDATED | 2/25/2026 |
|---|---|---|---|
| YEAR BUILT | 1931 | COUNTY | Queens |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| BASEMENT | Finished |
|---|---|
| STORIES | 3 |
| STYLE | 0 |
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TOTAL MONTHLY PAYMENT
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Listing provided by Emma Barattini, EVERGREEN REALTY & INVESTMENTS
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