Dexter Adolphous Acquires Industrial Property In Ridgewood, Queens For $2.5M

The industrial property located at 1651 Cody Avenue in Ridgewood, Queens has been sold in a recent transaction. The property spans over 8,000 square feet and was sold for a total price of $2,500,000, resulting in a price per square foot of $312. The transaction took place on November 30, 2021.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $2,500,000
• Square Footage: 8,000
• Price Per Square Foot: $312
• Address: 1651 Cody Avenue, Ridgewood, Queens

The buyer of the property is Dexter Adolphous, while the seller is David Cacavo. The deal was facilitated by the brokers, Will Diana, Dan O'Brien, Caroline Hodes, and Casey Begoon from Cushman & Wakefield. It is worth noting that at the time of the sale, the property was 30% occupied.

For further information on this transaction or to inquire about the Queens market, please contact Will Diana at 631-942-2467 or via email at [email protected].