Carter Martin Acquires Ridgewood Multifamily For $3.05M

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).