351 Onderdonk Ave - Storefront Retail/Residential FOR SALE


Flushing, NY 11385
$2,650,000 USD
718-894-8700
351 Onderdonk Ave, Flushing, NY for Sale
$2,650,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | Request Cap Rate

351 Onderdonk Ave
Flushing, NY 11385


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$736 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

03400-0014

ASK ABOUT THIS PROPERTY

Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

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Salvatore CrifasiCrifasi Commercial Real EstateMore Info
718-894-8700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.