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$1,799,000
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Property Description
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.
Full Property Details
Full Property Details for 5-08 Onderdonk Ave
General
- Price: $1,799,000
- Taxes: $14,497
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 904451
- Updated: 11/26/2025
- Added to Site: 166 day(s) ago
Location
- County: Queens
Heating & Cooling
- Cooling Type: Multi Units
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Finished
- Building Size: 4725
- Square Feet: 4,725
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.0574
- Lot Size (Sq. Ft.): 2,500
Financial Considerations
- Tax Amount: $14,497
Disclosures and Reports
- Special Conditions: None
- Property ID: 03434-0033
Listed by Exclusive Properties Rlty Inc
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Schools
Schools serving 5-08 Onderdonk Ave
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 81 Jean Paul Richter 559 Cypress Ave, Queens, NY 11385 | PK-5 | 0.2 mi |
Learners And Leaders 378 Seneca Ave, Queens, NY 11385 | PK-5 | 0.2 mi |
Is 93 Ridgewood 66-56 Forest Ave, Queens, NY 11385 | 6-8 | 0.4 mi |
Grover Cleveland H.S. 21-27 Himrod St, Queens, NY 11385 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5-08 Onderdonk Ave
Date
Details
Price
Change
Source
8/22/2025
Listed
$1,799,000
199.83%
MLS
5/24/2018
Sold
$600,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5-08 Onderdonk Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,502
—
$116,019
-68%
2024
$14,497
8%
$361,350
236%
2023
$13,430
10%
$107,419
-69%
2022
$12,207
3%
$342,000
15%
2021
$11,807
6%
$297,000
-9%
2020
$11,132
—
$325,800
14%
2019
$11,126
14%
$285,660
246%
2017
$9,736
—
$82,630
8%
2017
$9,736
2%
$76,547
3%
2016
$9,545
8%
$74,040
8%
2015
$8,844
6%
$68,650
—
2014
$8,355
6%
$68,614
8%
2013
$7,910
—
$63,562
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5-08 Onderdonk Ave
508 Onderdonk Avenue, Ridgewood, NY 11385 (MLS# 904451) is a Commercial property. 508 Onderdonk Avenue is currently listed for $1,799,000 and was received on August 22, 2025. Want to learn more about 508 Onderdonk Avenue? Do you have questions about finding other Commercial real estate for sale in Ridgewood? You can browse all Ridgewood real estate or contact a Coldwell Banker agent to request more information.

