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:
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Units: 4
- Square Footage: 2,800
- Price Per Unit: $331,250
- Price Per Square Foot: $473
- Buyer: Ilan Amran
- Seller: Robert Livote
- Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds & Brian Davila - Investment Property Realty Group (IPRG)
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
Ridgewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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