Bestreich Realty Group Sells Ridgewood Package Deal Multifamily For $4.6M

Bestreich Realty Group (BRG) represented both the buyer and the seller in a recent package deal in the Ridgewood market. The multifamily property, located at 1636 Norman Street and 1863 Linden Street, was sold for a total of $4,575,000. The deal included a total of 8 units, with the sale price averaging $571,875 per unit. The property spans a total of 6,450 square feet, resulting in a price per square foot of $709. The last recorded sale for 1636 Norman Street was $1,005,000 in June 2015, while 1863 Linden Street was last sold for $1,200,000 in November 2015.

Summary of transaction details:

• Property Type: Package Deal - Multifamily
• Transaction Amount: $4,575,000
• Market: Ridgewood

Derek Bestreich, Luke Sproviero, Steve Reynolds, Tom Reynolds, Sean Mashihi, and Brian Davila from Bestreich Realty Group (BRG) represented the seller. Ari Harkov acted as the buyer's representative in the transaction.