Updated Oct 3, 2025
Knickerbocker Realty Group Facilitates Sale Of Industrial Property In Ridgewood For $6.2M
1630 George Street
$6,200,000
$826/SF
Building Size
7,500 SF
Asset Type
Industrial
Closing
Sep 17, 2025
About this deal
AI
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.
On the Map
$6,200,000
$826/SF
Industrial
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Players
Ridgewood Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93