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UnicornPropertiesGroup Acquires Multifamily Property In Ridgewood, Queens For $700K

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SOLD
$700,000

New York

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MultiFamily2,291 SF
Sold 02/24/2021
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Property Image
SOLD

UnicornPropertiesGroup Acquires Multifamily Property In Ridgewood, Queens For $700K

17-36 George St, Ridgewood, Queens County, NY, USA

See Similar Deals
MultiFamily2,291 SF
Sold 02/24/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:2,291 SF
Transaction Type:Sale

Located at 17-36 George St in Ridgewood, Queens, this multifamily property was recently sold in a closed transaction on February 24, 2021. The property is zoned as R6B and offers a total building square footage of 4,054. The sale price was set at $700,000, resulting in a price per square foot of $305. The property spans across a lot size of 2,291 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $700,000
  • Address: 17-36 George St, Ridgewood, Queens
  • Market: Ridgewood, Queens
  • Zoning: R6B
  • Building Square Footage: 4,054
  • Price per Square Foot: $305

The buyer of this property is represented by Eric Carino and Enrico Ferri from Unicorn Properties Group. They have expressed their interest in purchasing 1-5 unit properties in Brooklyn, Queens, and Manhattan. They are particularly interested in single, multi-unit, and mixed-use properties that require rehabilitation or have the potential for a condo conversion. For more information, potential sellers can reach out to Enrico Ferri, the Senior Director of Real Estate Acquisitions at Unicorn Properties Group.

Players

10 deals$12.2M volume
BUYER

Details

SOLD
IMAGE: Eric Carino & Enrico Ferri DATE: 02/24/2021 ADDRESS: 17-36 George St MARKET: Ridgewood, Queens ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: @UnicornPropertiesGroup - Eric Carino & Enrico Ferri SELLER: Robert Bartz SALE PRICE: $700,000 BSF: 4,054 ~ PPBSF: $172 SF: 2,291 ~ PPSF: $305 NOTE FROM @UnicornPropertiesGroup: We are active buyers searching for 1-5 unit properties in Brooklyn, Queens & Manhattan. We have a preference for single, multi-unit and mixed use properties that require rehabilitation or have the potential for a condo conversion. For more info please contact: 👤Enrico Ferri, Senior Director, Real Estate Acquisitions ☎️ 718-725-1500 Ext. 205 📱 917-905-8940 📧 [email protected] 426 Lafayette Ave, Brooklyn, Ny 11238 Follow us @Linkedin https://www.linkedin.com/company/unicornpropertiesgroup

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Debt Service Coverage Ratio (DSCR)

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