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1875 Stanhope Street

Ilan Amran Purchases Multifamily Property At 1875 Stanhope Street Ridgewood For $1.325M
SOLDMultiFamily

Ilan Amran Purchases Multifamily Property At 1875 Stanhope Street Ridgewood For $1.325M

1875 Stanhope Street

$1,325,000

$473/SF

Building Size

2,800 SF

Asset Type

MultiFamily

Closing

Oct 21, 2025

AI

The property asset located at 1875 Stanhope Street in Ridgewood, Queens is a multifamily building consisting of 4 units. The total sale price for the property was $1,325,000, with the price per unit calculated at $331,250. The building encompasses a total square footage of 2,800 and the price per square foot stands at $473.

Summary of transaction details:

The transaction involved key representatives from the Investment Property Realty Group (IPRG), specifically Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila, who facilitated the deal. Their involvement highlights the professional brokerage services provided in the completion of this multifamily property sale.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$283.4M

vol

108 deals

Broker
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)Brokerage

Ridgewood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93