508 Onderdonk Avenue presents an exceptional investment opportunity in the heart of Ridgewood. This six-family building is comprised of six spacious two-bedroom, one-bathroom apartments, each designed with functional layouts that maximize living space and natural light.
The property offers investors strong income potential with stable tenancy and a desirable unit mix that appeals to a wide range of renters. Each apartment features comfortable living areas, well-proportioned bedrooms, and classic finishes that provide both practicality and charm.
With its solid construction and well-maintained condition, this building is ideal for long-term ownership or value-add strategies. The configuration of multiple two-bedroom units makes it an attractive asset for both end users seeking rental income and seasoned investors looking to expand their portfolio.
508 Onderdonk Avenue stands as a rare find—a true six-family property with consistent rental demand and enduring appeal.
508 Onderdonk Avenue, Ridgewood, NY, 11385
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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