Knickerbocker Realty Group Facilitates Sale Of Industrial Property In Ridgewood For $6.2M

The property asset involved in this transaction is located at 16-24 & 16-30 George Street, Ridgewood. It is classified as an industrial asset with a total size of 15,000 square feet and was sold for a transaction amount of $6,200,000, which equates to a price per square foot of $413. The site includes a 7,500 square foot artist studio and a 7,500 square foot garden space, situated close to the Halsey Street “L” subway station and falls within the M1-4D zoning district.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,200,000
• Square Footage: 15,000
• Price per Square Foot: $413
• Address: 16-24 & 16-30 George Street
• Market: Ridgewood
• Brokers: Jacques Wadler & Vincent Lopez - Knickerbocker Realty Group

Jacques Wadler and Vincent Lopez of Knickerbocker Realty Group facilitated the transaction, representing both the buyer and the seller in this deal.