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Carter Martin Acquires Ridgewood Multifamily For $3.05M

Property Image
SOLD
$3,050,000
Steve Reynolds
Luke Sproviero
+ 4

New York

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MultiFamily5,175 SF
Sold 05/10/2023
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Property Image
SOLD

Carter Martin Acquires Ridgewood Multifamily For $3.05M

19-24 Grove Street

See Similar Deals
MultiFamily5,175 SF
Sold 05/10/2023
Steve Reynolds
Luke Sproviero
+ 4
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$589
Total Square Footage:5,175 SF
Transaction Type:Sale

A multifamily property located at 19-24 Grove Street in Ridgewood has been sold for a price of $3,050,000. The property consists of 6 units, with a price per unit of $508,333. The total square footage of the property is 5,175, resulting in a price per square foot of $589.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,050,000
  • Units: 6
  • Price Per Unit (PPU): $508,333
  • Square Footage (SF): 5,175
  • Price Per Square Foot (PPSF): $589

Carter Martin has been identified as the buyer of the property, while Joseph Kaufman is the seller. The deal was facilitated by Derek Bestreich, Luke Sproviero, Steve Reynolds, Tom Reynolds, and Brian Davila from Investment Property Realty Group (IPRG).

Players

Brian Davila
108 deals$283.4M volume(718) 360-8849
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Tom Reynolds
Investment Property Realty Group (IPRG)
98 deals$292.3M volume(718) 360-8817
BROKER

Steve Reynolds
Investment Property Realty Group (IPRG)
133 deals$364.4M volume(718) 360-8807
BROKER


4 deals$6.1M volume
SELLER

Details

SOLD
IMAGE: Derek Bestreich, Luke Sproviero & Steve Reynolds DATE: 05/10/2023 ADDRESS: 19-24 Grove Street MARKET: Ridgewood ASSET TYPE: Multifamily BUYER: Carter Martin SELLER: Joseph Kaufman BROKERS: Derek Bestreich, Luke Sproviero (@lukesproviero), Steve Reynolds (@SteveReynoldsNYC), Tom Reynolds (@TomReynolds_CRE), & Brian Davila (@Vills25) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $3,050,000 UNITS: 6 ~ PPU: $508,333 SF: 5,175 ~ PPSF: $589

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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