Bow Tie Properties Acquires Industrial Property In Ridgewood For $1.9M

The property involved in this transaction is an industrial asset located at 1625A Cody Avenue in the Ridgewood market. The sale was finalized for a price of $1,900,000, with a total square footage of 5,000, resulting in a price per square foot of $380.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,900,000
• Address: 1625A Cody Avenue
• Market: Ridgewood
• Square Footage: 5,000
• Price per Square Foot: $380
• Buyer: Bow Tie Properties - Ben Moss
• Seller: Corbel Properties - Frank Hippel
• Brokerage: Cushman & Wakefield
• Brokers: Dan OBrien, Will Diana, Caroline Hodes, Dylan Walsh

This transaction is noted as the third of four sales to be closed in 2022 on this corridor in Ridgewood, all led by Will Diana, who is Cushman & Wakefield’s Outer Borough Industrial Specialist. Interested parties can contact Will Diana directly at 718-512-2622 for further discussion regarding this deal.