Oren Noy Acquires Ridgewood Multifamily From Alchemy Ventures For $2.35M

The multifamily property located at 1862 Cornelia Street in Ridgewood, Queens has been sold in a closed transaction. The property spans 5,712 square feet and has a price per square foot of $411. It consists of 6 units, with an average price per unit of $391,666. The asking price for the property was $2,400,000, and it was ultimately sold for $2,350,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,350,000
• Address: 1862 Cornelia Street, Ridgewood, Queens
• Market: Ridgewood, Queens
• Square Feet: 5,712
• Price per Square Foot: $411
• Number of Units: 6
• Price per Unit: $391,666

Alchemy Ventures, represented by Sam Kooris, was the seller of the property. The buyer of the property was Oren Noy, with Marcel Fridman acting as the broker in the transaction. It is worth noting that the building was delivered fully vacant at the time of closing.